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, and help Treasury improve its performance and monitor its progress towards Queensland’s Economic Recovery Plan.
The following reports of independent reviews were tabled in Parliament during 2020–21:
That all entities’ audit committees have the right members, are engaged with their leaders, understand their role, add value and continue to improve and evolve.
Specifically, that Treasury:
Treasury supported a combination of internal and external members and supported all other recommendations.
To increase support and guidance, Treasury undertook work to consult and improve the Audit Committee Guidelines.
That Treasury contributes to a whole-of-government report that provides the first phase of the audit program examining Queensland Government’s response to COVID-19, and its measures and their costs.
Treasury played a critical role in advising the Queensland Government on the uptake and impact of each COVID-19 measure. Monitoring and governance of the government’s response will be maintained, with continued advice to be provided to the Queensland Government on its progress. Treasury is working with agencies to monitor the actual
cost of these initiatives.
That Treasury updates the Financial Accountability Handbook to provide clarity on the role of a minister in the selection and approval of grant recipients.
As part of the work to update the handbook, practical guidance will be included on the provision of advice and recording of decisions.
That all entities continue to ensure financial statements are reliable, acknowledging that a rapid response to COVID-19 can bring risk and that strong information systems are critical. The report encouraged relevant ministers and central agencies to explore opportunities for releasing the audited financial statements of public sector entities in a more timely way.
Treasury communicated to Chief Finance Officers encouraging them to table their departmental annual reports at the earliest opportunity rather than waiting for the legislative deadline of 30 September.
The preparation of the Report on State Finances is dependent on audited agency financial statements, which are only finalised by 31 August.
Treasury works to ensure that, in a non-election year, statements are certified by 31 October. In an election year, Treasury works with the Queensland Audit Office to ensure statements are finalised as soon as possible.
Treasury will disclose the Queensland Future Fund as per the Act as well as strategic asset allocation in the Queensland Treasury Annual Report.
Treasury produces a range of publications, guidelines, and other useful resources about:
A report from the Office of Best Practice Regulation on implementation of Regulatory Impact Analysis by agencies and exemptions granted by Cabinet for the period 2 June 2021 to 30 June 2021 is available on this site.
COVID-19 Fiscal and Economic Review, a statement of the government’s plans for state finances and the economy published in September 2020.
Code of Conduct
The Code of Conduct for the Queensland public service guides the consistent standards of conduct for all public sector employees and demonstrates the government’s commitment to integrity and accountability, reflecting the ethics principles and values prescribed in the Public Sector Ethics Act 1994.
A state tax on certain transactions including transfer of property (transfer duty), vehicle registration, insurance contracts and other acquisitions.
Financial Provisioning Fund
The Financial Provisioning Fund was 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.
Financial Provisioning Scheme
A scheme under the Mineral and Energy Resources (Financial Provisioning) Act 2008 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.
Full-time equivalent and refers to the number of employment hours considered full-time.
Goods and services tax
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.
Minimum obligatory human resource information used to inform the Queensland public sector workforce profile.
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.
Project Maroon was the securing of the Virgin Australia Headquarters and a range of other benefits in Queensland.
Queensland Audit Office
Queensland Investment Corporation
Queensland Government Statistician’s Office
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.
Savings and Debt Plan
The Queensland Government’s plan to support economic recovery from COVID-19 with a target of $3 billion in savings over 4 years.
State Penalties Enforcement Registry (SPER)
Part of the Office of State Revenue, SPER collects and enforces unpaid infringement notice fines, court-ordered monetary fines and offender recovery orders issued in Queensland.