Treasurer – Tim Pallas MP
Tim Pallas MP commenced as Treasurer of Victoria in December 2014.
The Treasurer is the minister with oversight of government revenue and expenditure, including:
- preparing and delivering the annual State Budget
- promoting economic growth across the State of Victoria
- promoting and encouraging investment opportunities in Victoria from interstate and abroad
- developing the fiscal objectives and strategy for the State of Victoria
- overseeing the economic policy and economic strategy of the Government
- driving wages policy, which operates in conjunction with the industrial relations policies as developed and administered by the Industrial Relations Minister
- overseeing the planning and delivery of major infrastructure projects undertaken across government
- administering the Market‑led Proposals Guideline, which provides the State with the means to access new and innovative ideas from the private sector
- revenue policy and collection for the State of Victoria, including stamp duty, payroll tax and land tax
- borrowing, investment and financial arrangements to hedge, protect and manage the State’s financial interests
- providing investment and fund management services to the State and its statutory authorities.
Tim Pallas MP is also Minister for Resources.
Minister for Finance – Robin Scott MP
Robin Scott MP commenced as Minister for Finance in December 2014.
The Minister’s primary responsibilities are:
- WorkSafe Victoria, the statutory body that manages the insurance scheme for workplace accident compensation and rehabilitation, and occupational health and safety
- the Accident Compensation Conciliation Service
- the insurance operations of the Transport Accident Commission, the statutory body that manages the no fault insurance scheme for transport accident compensation and rehabilitation
- the State’s financial reporting and accountability framework
- whole of Victorian Government financial management and risk management frameworks
- whole of Victorian Government purchasing and procurement arrangements including oversight of the Victorian Government Purchasing Board
- overseeing the insurance policy for the State (the Victorian Managed Insurance Authority)
- the Victorian Government’s intellectual property policy
- overseeing superannuation policy for the State and oversight of the Emergency Services Superannuation Scheme
- the Victorian Government’s motor vehicle fleet
- whole of Victorian Government landholding policy and coordination of government land sales
- whole of Victorian Government accommodation planning and policies through the Shared Service Provider
- the Essential Services Commission, the independent economic regulator of the State’s essential services
- the Registrar of housing agencies, who regulates Victoria’s registered community housing agencies
- overseeing the Victorian Asbestos Eradication Agency and Medical Panels.
Minister Scott is also Minister for Multicultural Affairs.