Reports of Treasury’s expenditure on consultancies, language services and overseas travel are published on the Open Data website data.qld.gov.au.
External audits and reviews aid transparency in government, help Treasury improve its performance, and help Treasury monitor its progress in Advancing Queensland’s Priorities.
The following reports of independent reviews were tabled in Parliament during 2019–20:
That all entities self-assess against the findings of this report, and where relevant:
Treasury is implementing a governance framework that supports transparency, escalation of key risks and issues, and drives continuous improvement.
Treasury has an ongoing focus on operational cyber security. This has been supported by documented operational plans as well as by a suite of policies, standards, procedures and tools.
Treasury is implementing these recommendations as part of its changes to governance and membership of governance committees.
The Queensland Audit Office provided an unmodified audit opinion on Queensland Government state finances.
Treasury produces a range of publications, guidelines, and other useful resources about:
COVID-19 Fiscal and Economic Review, a statement of the government’s plans for state finances and the economy, to be published in September 2020.
A state tax on certain transactions including transfer of property (transfer duty), vehicle registration, insurance contracts and other acquisitions.
Treasury’s Executive Leadership Team
Financial Provisioning Scheme
A scheme commenced in April 2019 under the Mineral and Energy Resources (Financial Provisioning) Act 2018 to manage the State’s financial risks from resource sector environmental authority holders failing to meet their environmental and rehabilitation obligations under the Environmental Protection Act 1994. The Scheme is managed by the Scheme Manager, a statutory officer appointed by the Governor in Council.
Financial Provisioning Fund
Established under the Mineral and Energy Resources (Financial Provisioning) Act 2018 to provide a source of pooled funding to meet approved expenditure for environmental remediation and rehabilitation of resource sites, legacy abandoned mines, rehabilitation research and Financial Provisioning Scheme administration.
Infrastructure and Economic Resilience, a business area of Queensland Treasury.
State tax on freehold land, assessed on the taxable value of an owner’s total land holdings. In Queensland, landowners are entitled to an exemption from land tax for the land they use as their home.
Mid-Year Fiscal and Economic Review
A statutory body that compensates people injured by unidentified and uninsured vehicles.
State tax paid if an employer, or group of employers, pays more than $1.3 million in annual Australian taxable wages.
An approach that targets an entire community and aims to address issues that exist in that place, such as poor housing, social isolation, poor or fragmented service provision, or limited economic opportunities.
Queensland Audit Office
Queensland Competition Authority, an independent economic regulator whose primary role is to ensure monopoly businesses operating in Queensland, particularly those that provide key infrastructure (for example rail, water or transport infrastructure), do not abuse their market power through unfair pricing or restrictive access arrangements.
Queensland Government Statistician’s Office
Queensland Human Rights Commission
Queensland Productivity Commission, a body established to drive economic growth and lift productivity and living standards by advising on complex economic and regulatory issues.
Royalties are payments to the owners of a resource for the right to sell, dispose of or use that resource. In the context of Treasury’s revenue management service, these resources are usually from petroleum, coal and other mining activities.
State Penalties Enforcement Registry (SPER)
Part of State Revenue, SPER collects and enforces unpaid infringement notice fines, court-ordered monetary fines and offender recovery orders issued in Queensland