Treasurer and Minister for Economic Development – Tim Pallas MP
Tim Pallas MP commenced as Treasurer of Victoria in December 2014.
Tim Pallas MP commenced as Minister for Economic Development in November 2018.
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
- as the Minister for Economic Development, Tim Pallas oversees whole-of-government economic policy and strategy, and commercial developments to boost investment and jobs in Victoria.
Assistant Treasurer – Robin Scott MP
Robin Scott MP commenced as Assistant Treasurer in November 2018.
Robin Scott MP was previously the Minister for Finance from December 2014 to November 2018.
The Minister’s primary responsibilities are:
- 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.