Support the delivery of Government priorities in the Treasury portfolio.
The Government will provide $162.4 million over 4 years from 2023-24 (and $8.3 million per year ongoing) to support the delivery of Government priorities in the Treasury portfolio. Funding includes: * $88.8 million over two years from 2023-24 to support the continued operation of the Consumer Data Right in the banking, energy and non-bank lending sectors, progress the design of action initiation and uplift cyber security * $32.7 million over 4 years from 2023-24 for the Treasury to support the continued delivery of key programs and statutory reviews and to upgrade ICT systems * $22.0 million over 4 years from 2023-24 (and $5.6 million per year ongoing) to continue the Centre for Population and modelling of the fiscal benefits of migration * $10.0 million over 4 years from 2023-24 (and $2.1 million per year ongoing) to establish a central evaluation function within Treasury to provide leadership and improve evaluation capability across Government, including support to agencies and leading a small number of flagship evaluations each year * $5.0 million over 5 years from 2023-24 to continue a superannuation consumer advocate to improve members' outcomes, offset by an increase in the Superannuation Supervisory Levy administered by the Australian Prudential Regulation Authority * $2.9 million over 4 years from 2023-24 (and $0.6 million per year ongoing) to the Australian Taxation Office to enable increased disclosure of the Australian Charities and Not-for-profits Commission's regulatory activities to enhance transparency and accountability in the charity sector * $1.9 million over two years from 2023-24 to establish a public registry of beneficial ownership of companies and other legal vehicles, including trusts. In addition, the Australian Competition and Consumer Commission will establish the first phase of a complaints mechanism for designated consumer and small business advocacy groups to raise systemic issues under consumer law ('super complaints') within existing resourcing. This measure will be partially offset by reprioritisation of existing functions within the Treasury portfolio and by reducing the frequency of Financial Regulator Assessment Authority reviews from every two years to every 5 years.