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Department of Finance MPS ActGGS
Submitted by Richard_Li on Wed, 09/14/2022 - 21:16
Aliases
Department of Finance
FINANCE
THE DEPARTMENT OF FINANCE
Portfolio

Lead Body
Yes
Employment Arrangements
Enabling legislation

Annual report prepared under section 46 of the PGPA Act.
Additional annual report requirement
No

Section 35 of the PGPA Act applies
Yes
Section 35(3) of the PGPA Act applies
Yes

Outcome #1: Support sustainable Australian Government finances through providing high quality policy advice and operational support to the government and Commonwealth entities to maintain effective and efficient use of public resources.
# Program Body Contribution
1.1 Budget and Financial Management Department of Finance

This program contributes to the outcome through advising the Finance Minister and Expenditure Review Committee (ERC) on fiscal and economic policies and related matters; supporting the Finance Minister in meeting their financial reporting responsibilities; and supporting the delivery of the Budget

Outcome #2: Support an efficient and high-performing public sector through providing leadership to Commonwealth entities in ongoing improvements to public sector governance, including through systems, frameworks, policy, advice and service delivery.
# Program Body Contribution
2.1 Public Sector Governance Department of Finance

This program contributes to the outcome through developing and maintaining the public sector resource management framework and improving the standard of governance, performance and accountability of Commonwealth entities

2.2 Transforming Government Department of Finance

This program contributes to the outcome by providing leadership in the development and delivery of reforms and initiatives that support the modernisation of government and increase public sector productivity

2.3 Property and Construction Department of Finance

This program contributes to the outcome by providing policy advice, guidance and support on managing Commonwealth property, land and public works across the Government; and managing specified major capital works projects and the government's non-Defence property portfolio within Australia

2.4 Insurance and Risk Management Department of Finance

This program contributes to the outcome by providing general insurance services and promoting risk management across the Government through the Comcover Special Account

2.5 Technology and Procurement Department of Finance

This program contributes to the outcome through providing timely and relevant procurement policy advice; providing advice to the Government on advertising; establishing and maintaining WoAG procurement arrangements for common goods and services; and establishing, developing and maintaining WoAG and cross-entity ICT infrastructure, platforms, systems and services

2.6 Service Delivery Office Department of Finance

This program contributes to the outcome through providing a range of corporate services to Australian Government entities

2.7 Public Sector Superannuation Department of Finance

This program contributes to the outcome through advising the Government on the stability of the Government's unfunded superannuation liabilities and its associated administered expense items and superannuation arrangements for government employees. This includes the administration and management of superannuation arrangements for parliamentarians, as well as current and former governors-general, federal judges and Federal Circuit Court Judges

2.8 Australian Government Investment Funds Department of Finance

This program contributes to the outcome through providing advice on investment mandates and governance arrangements for the Government's Investment Funds, to maximise the value of the funds to the Government. This includes advice on credit of amounts to the Funds and debits for payments from the Funds. The Funds are: Future Fund DisabilityCare Australia Fund Medical Research Future Fund Aboriginal and Torres Strait Islander Land and Sea Future Fund Future Drought Fund Emergency Response Fund

# Program Body Contribution
1.1 Superannuation Scheme Governance Commonwealth Superannuation Corporation

Finance works with the Commonwealth Superannuation Corporation to ensure that the management of public sector superannuation is consistent with legislative obligations. Finance works with the Future Fund Management Agency to ensure that the management of the Future Fund and the Australian Government Investment Funds is consistent with legislation and maximises returns to taxpayers.

1.1 Management of the Investment of the Future Fund Future Fund Management Agency

Finance works with the Commonwealth Superannuation Corporation to ensure that the management of public sector superannuation is consistent with legislative obligations. Finance works with the Future Fund Management Agency to ensure that the management of the Future Fund and the Australian Government Investment Funds is consistent with legislation and maximises returns to taxpayers.

1.2 Management of the Investment of the Australian Government Investment Funds Future Fund Management Agency

Finance works with the Commonwealth Superannuation Corporation to ensure that the management of public sector superannuation is consistent with legislative obligations. Finance works with the Future Fund Management Agency to ensure that the management of the Future Fund and the Australian Government Investment Funds is consistent with legislation and maximises returns to taxpayers.

Outcome #3: Support for Parliamentarians and others as required by the Australian Government through the delivery of, and advice on, work expenses and allowances, entitlements and targeted programs.
# Program Body Contribution
3.1 Ministerial and Parliamentary Services Department of Finance

This program contributes to the outcome through the provision of advice on, access to, and payment of Parliamentary and post-Parliamentary, work expenses, allowances and entitlements and targeted programs