Treasurer of Australia

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The Department of the Treasury, Canberra
The Department of the Treasury, Canberra

The Treasurer of Australia is the minister in the Government of Australia responsible for government expenditure and revenue raising. As such, the Treasurer is always a member of the Parliament of Australia with an elected seat in the House of Representatives. In some other countries the equivalent role is the Minister for Finance, although Australia has a separate office of that name responsible for regulating government spending.

Each year in May, the Treasurer presents the Federal Budget to the Parliament. The Treasurer is a very senior government post; traditionally, the holder of this office is the Deputy Prime Minister or deputy leader of the political party holding government. Being Treasurer is often seen by the Canberra Press Gallery and the public as a necessary stepping-stone to the Prime Ministership; however, only six Prime Ministers have served as Treasurer before ascending to higher office. The current treasurer is Peter Costello.

Ordinal Treasurer Party Term
1. Sir George Turner Protectionist Party 1901–1904
2. Chris Watson Australian Labor Party 1904
– Sir George Turner Protectionist Party 1904–1905
3. Sir John Forrest Protectionist Party 1905–1907
4. Sir William Lyne Protectionist Party 1907–1908
5. Andrew Fisher Australian Labor Party 1908–1909
– Sir John Forrest Protectionist Party 1909–1910
– Andrew Fisher Australian Labor Party 1910–1913
– Sir John Forrest Commonwealth Liberal Party 1913–1914
– Andrew Fisher Australian Labor Party 1914–1915
6. William Higgs Australian Labor Party 1915–1916
7. Alexander Poynton National Labor Party 1916–1917
– Sir John Forrest Nationalist Party of Australia 1917–1918
8. William Watt Nationalist Party of Australia 1918–1920
9. Sir Joseph Cook Nationalist Party of Australia 1920–1921
10. Stanley Bruce Nationalist Party of Australia 1921–1923
11. Dr Earle Page Country Party 1923–1929
12. Ted Theodore Australian Labor Party 1929–1930
13. James Scullin Australian Labor Party 1930–1931
– Ted Theodore Australian Labor Party 1931–1932
14. Joseph Lyons United Australia Party 1932–1935
15. Richard Casey United Australia Party 1935–1940
16. Robert Menzies United Australia Party 1940–1941
17. Percy Spender United Australia Party 1940
18. Arthur Fadden Country Party 1940–1941
19. Ben Chifley Australian Labor Party 1941–1949
– Sir Arthur Fadden Country Party 1949–1958
20. Harold Holt Liberal Party of Australia 1958–1966
21. William McMahon Liberal Party of Australia 1966–1970
22. Leslie Bury Liberal Party of Australia 1970–1971
23. Billy Snedden Liberal Party of Australia 1971–1972
24. Gough Whitlam Australian Labor Party 1972
25. Frank Crean Australian Labor Party 1972–1974
26. Dr Jim Cairns Australian Labor Party 1974–1975
27. Bill Hayden Australian Labor Party 1975
28. Phillip Lynch Liberal Party of Australia 1975–1977
29. John Howard Liberal Party of Australia 1977–1983
30. Paul Keating Australian Labor Party 1983–1991
31. Bob Hawke Australian Labor Party 1991
32. John Kerin Australian Labor Party 1991
33. Ralph Willis Australian Labor Party 1991
34. John Dawkins Australian Labor Party 1991–1993
– Ralph Willis Australian Labor Party 1993–1996
35. Peter Costello Liberal Party of Australia 1996—
  • Treasurers Watson, Fisher, Scullin, Lyons, Menzies, Chifley, Whitlam and Hawke were also Prime Minister during some or all of their period as Treasurer.
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