About Treasury

Queensland Treasury is dedicated to delivering prosperity for Queenslanders now and into the future. We pursue this through our strategic priorities to:

  • support economic growth, job creation and fiscal strength
  • improve services for Queenslanders
  • empower our people.

Our remit encompasses a range of critical functions including:

  • managing Queensland’s finances
  • administering grants and collecting taxes
  • providing economic and commercial advice to government
  • procuring infrastructure.

We also have close relationships with statutory bodies, whose work complements that of the department and which are the legal responsibilities of the Treasurer or the Under Treasurer. These include:

Key responsibilities

Preparing the state budget

Treasury is responsible for managing Queensland’s revenue and expenditure in a way that drives economic growth, creates jobs, and improves prosperity now and into the future. Each year, Treasury prepares a state budget. We do this by working with other government agencies to negotiate departmental budgets that respect the fiscal, economic and service delivery goals of the government.

Throughout the year, Treasury provides financial management advice to Queensland Government agencies to ensure service delivery is consistent with the government’s fiscal strategy. Treasury is also responsible for liaising with the Australian Government about financial relations and grants.

Providing financial and economic advice

As the state’s central economic advisory unit, Treasury – through our statistical gathering and analysis, economic analysis and financial management expertise – is uniquely placed to advise Cabinet on the financial and economic impact of policy decisions, and to advocate for economically strong policy outcomes across government. We do this through liaising at a departmental level with other government agencies and by providing impartial, evidence-based advice to Cabinet.

Optimising public infrastructure investment

Commercial Group, a specialist business unit within Treasury, aims to enhance the government’s infrastructure delivery capability, ensuring public needs are met while advising on innovative commercial arrangements that maximise private investment and optimise the value of government expenditure.

Collecting state revenue

Treasury’s Office of State Revenue (OSR) is responsible for collecting state taxes (including duties, payroll tax and land tax) and mining and petroleum royalties on behalf of the Queensland Government.

OSR is also responsible for the State Penalties Enforcement Registry, which collects and enforces unpaid fines and court orders in Queensland.

Administering grants for first home buyers

Treasury administers economy-stimulating grants. Through the Office of State Revenue, first home owners are able to apply for the Queensland First Home Owners’ Grant.

Monitoring the performance of the state's commercial businesses

Treasury monitors the performance of all government commercial businesses, including 11 Queensland government-owned corporations and two statutory bodies which have commercial operations.

Last updated: 27 August 2018