{
  "entity_id": "O-000927",
  "folder": "Department-of-the-Treasury",
  "name": "Department of the Treasury",
  "type": "Federal Department",
  "jurisdiction": "Commonwealth",
  "portfolio": "Treasury",
  "website": "https://treasury.gov.au/",
  "data_status": "rich",
  "completeness": {
    "has_strategy_brief": true,
    "has_strategy_structured": true,
    "has_vision": false,
    "has_kpi_targets": true,
    "has_kpi_results": true,
    "has_strategy_overview": true,
    "has_legislation_text": true,
    "has_legislation_structured": true,
    "has_global_initiatives_text": true,
    "has_global_initiatives_structured": true,
    "n_global_initiatives": 11,
    "has_ideas": true,
    "has_artifacts": true,
    "n_ideas": 8,
    "n_legislation": 10,
    "n_artifacts": 12,
    "n_kpi_targets": 5,
    "n_kpi_results": 3,
    "n_outcomes": 1,
    "verified_own_data": true
  },
  "strategy_profile": {
    "status": "published",
    "confidence": "high",
    "summary": "Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, superannuation, small business, housing and international economic policy. [CP p.3]",
    "official_site_url": "https://treasury.gov.au/",
    "source_documents": [
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2024–25",
        "url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "period": "2024-25",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2023–24 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2024-10/p2024-590845-ar.pdf",
        "period": "2023-24",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2022-23 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2023-10/p2023-454036-tsy-ar-2022-23.pdf",
        "period": "2022-23",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2021-22 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2022-10/p2022-329943-tsy-annual-report-2021-22_2.pdf",
        "period": "2021-22",
        "confidence": "high"
      },
      {
        "type": "annual_report",
        "title": "Treasury Annual Report 2020-21 (Complete Report)",
        "url": "https://treasury.gov.au/sites/default/files/2021-10/p2021-216241-tsy-annual-report-2020-21.pdf",
        "period": "2020-21",
        "confidence": "high"
      },
      {
        "type": "corporate_plan",
        "title": "Corporate Plan 2017-18",
        "url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "period": "2017-18",
        "confidence": "high"
      }
    ],
    "purpose": {
      "text": "Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, superannuation, small business, housing and international economic policy. [CP p.3]",
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      "source_page": 3,
      "source_deep_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=3"
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    "vision": null,
    "strategic_priorities": [
      {
        "title": "supporting and implementing informed decisions on policies for the good of the Australian people, including for achievin",
        "description": "supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": 16,
        "source_deep_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16"
      }
    ],
    "values": [
      {
        "name": "integrity maturity",
        "description": "",
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        "source_page": null
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      {
        "name": "risk management",
        "description": "",
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": null
      }
    ],
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      {
        "name": "Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "description": "through the provision of advice to Treasury ministers and the efficient administration of Treasury’s functions.",
        "activities": [
          "providing advice to the government and implementing policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians"
        ],
        "source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "source_page": 16,
        "source_deep_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf#page=16"
      }
    ],
    "performance_measures": [
      {
        "code": "APS Net Zero 2030",
        "measure": "Treasury’s progress towards the APS Net Zero 2030 target",
        "target": "target not specified",
        "latest_result": "target not achieved",
        "status": "Not achieved",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 226,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": 226
      },
      {
        "code": "Article IV consultation",
        "measure": "Article IV consultation",
        "target": "target not specified",
        "latest_result": "",
        "status": "",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 229,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": null
      },
      {
        "code": "Special Drawing Right",
        "measure": "Special Drawing Right",
        "target": "target not specified",
        "latest_result": "",
        "status": "",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 230,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": null
      },
      {
        "code": "International Monetary Fund",
        "measure": "International Monetary Fund",
        "target": "target not specified",
        "latest_result": "target not specified",
        "status": "N/A",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 227,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": 230
      },
      {
        "code": "Future Made in Australia",
        "measure": "Future Made in Australia",
        "target": "target not specified",
        "latest_result": "target not specified",
        "status": "N/A",
        "target_source_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf",
        "target_source_page": 269,
        "result_source_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
        "result_source_page": 269
      }
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    "document_alignment_terms": {
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        "Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, sup",
        "supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth"
      ],
      "watch_terms": [
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        "Article IV consultation",
        "Special Drawing Right",
        "International Monetary Fund",
        "Future Made in Australia"
      ],
      "avoid_claiming_without_evidence": []
    },
    "review_note": ""
  },
  "global_initiatives": {
    "focus_areas": [
      "Economic policy and analysis",
      "Tax policy and reform",
      "Foreign investment assessment",
      "Climate-related financial disclosure",
      "Green hydrogen and critical minerals incentives"
    ],
    "initiatives": [
      {
        "name": "OECD Economic Outlook",
        "focus_area": "Economic policy and analysis",
        "jurisdiction": "OECD",
        "run_by": "Organisation for Economic Co-operation and Development",
        "year": "1961",
        "status": "Active",
        "what_it_does": "The OECD Economic Outlook provides in-depth analysis and projections for the global economy, focusing on economic growth, inflation, and employment trends.",
        "why_relevant": "",
        "find_more_title": "OECD Economic Outlook",
        "find_more_url": "https://www.google.com/search?q=OECD+Economic+Outlook"
      },
      {
        "name": "UK Fiscal Policy Review",
        "focus_area": "Economic policy and analysis",
        "jurisdiction": "UK",
        "run_by": "Office for Budget Responsibility",
        "year": "1997",
        "status": "Active",
        "what_it_does": "The UK Fiscal Policy Review provides comprehensive analysis of the UK's fiscal policy, including government spending, taxation, and economic forecasts.",
        "why_relevant": "",
        "find_more_title": "UK Fiscal Policy Review",
        "find_more_url": "https://www.google.com/search?q=UK+Fiscal+Policy+Review"
      },
      {
        "name": "Federal Reserve Economic Projections",
        "focus_area": "Economic policy and analysis",
        "jurisdiction": "USA",
        "run_by": "Federal Reserve",
        "year": "1970",
        "status": "Active",
        "what_it_does": "The Federal Reserve Economic Projections provide forecasts and economic analysis from Federal Reserve Board members, influencing monetary policy decisions.",
        "why_relevant": "",
        "find_more_title": "Federal Reserve Economic Projections",
        "find_more_url": "https://www.google.com/search?q=Federal+Reserve+Economic+Projections"
      },
      {
        "name": "Carbon Tax Implementation in Sweden",
        "focus_area": "Tax policy and reform",
        "jurisdiction": "Sweden",
        "run_by": "Swedish Government",
        "year": "1991",
        "status": "Active",
        "what_it_does": "Sweden implemented a carbon tax in 1991 to reduce greenhouse gas emissions and promote sustainable economic growth, generating revenue for environmental initiatives.",
        "why_relevant": "",
        "find_more_title": "Sweden Carbon Tax",
        "find_more_url": "https://www.google.com/search?q=Sweden+Carbon+Tax"
      },
      {
        "name": "Canada's Climate Action Incentive",
        "focus_area": "Tax policy and reform",
        "jurisdiction": "Canada",
        "run_by": "Government of Canada",
        "year": "2015",
        "status": "Active",
        "what_it_does": "Canada introduced the Climate Action Incentive to provide financial support to households affected by carbon pricing, balancing economic and environmental goals.",
        "why_relevant": "",
        "find_more_title": "Canada Climate Action Incentive",
        "find_more_url": "https://www.google.com/search?q=Canada+Climate+Action+Incentive"
      },
      {
        "name": "US Foreign Investment Review Modernization Act (FIRRMA)",
        "focus_area": "Foreign investment assessment",
        "jurisdiction": "USA",
        "run_by": "Committee on Foreign Investment in the United States (CFIUS)",
        "year": "2018",
        "status": "Active",
        "what_it_does": "FIRRMA enhances the US government's ability to review and block foreign investments that threaten national security, streamlining the process and increasing scrutiny.",
        "why_relevant": "",
        "find_more_title": "FIRRMA",
        "find_more_url": "https://www.google.com/search?q=FIRRMA"
      },
      {
        "name": "New Zealand's Overseas Investment Reforms",
        "focus_area": "Foreign investment assessment",
        "jurisdiction": "New Zealand",
        "run_by": "New Zealand Government",
        "year": "2018",
        "status": "Active",
        "what_it_does": "New Zealand reformed its foreign investment regime to enhance transparency and address national security concerns, aligning with global best practices.",
        "why_relevant": "",
        "find_more_title": "NZ Overseas Investment Reforms",
        "find_more_url": "https://www.google.com/search?q=NZ+Overseas+Investment+Reforms"
      },
      {
        "name": "EU Taxonomy for Sustainable Activities",
        "focus_area": "Climate-related financial disclosure",
        "jurisdiction": "EU",
        "run_by": "European Commission",
        "year": "2020",
        "status": "Active",
        "what_it_does": "The EU Taxonomy classifies economic activities as environmentally sustainable, providing a framework for sustainable financial disclosures and investments.",
        "why_relevant": "",
        "find_more_title": "EU Taxonomy",
        "find_more_url": "https://www.google.com/search?q=EU+Taxonomy"
      },
      {
        "name": "Canada's Climate Risk Disclosure Regulations",
        "focus_area": "Climate-related financial disclosure",
        "jurisdiction": "Canada",
        "run_by": "Government of Canada",
        "year": "2016",
        "status": "Active",
        "what_it_does": "Canada mandates climate risk disclosure for public and private entities, integrating climate considerations into financial reporting.",
        "why_relevant": "",
        "find_more_title": "Canada Climate Risk Disclosure",
        "find_more_url": "https://www.google.com/search?q=Canada+Climate+Risk+Disclosure"
      },
      {
        "name": "Germany's Hydrogen Strategy",
        "focus_area": "Green hydrogen and critical minerals incentives",
        "jurisdiction": "Germany",
        "run_by": "German Federal Ministry for Economic Affairs and Energy",
        "year": "2020",
        "status": "Active",
        "what_it_does": "Germany's Hydrogen Strategy promotes the development of green hydrogen technologies, offering financial incentives and research support.",
        "why_relevant": "",
        "find_more_title": "Germany Hydrogen Strategy",
        "find_more_url": "https://www.google.com/search?q=Germany+Hydrogen+Strategy"
      },
      {
        "name": "Australia's Critical Minerals Research and Development Program",
        "focus_area": "Green hydrogen and critical minerals incentives",
        "jurisdiction": "Australia",
        "run_by": "Department of Industry, Science, Energy and Resources",
        "year": "2021",
        "status": "Active",
        "what_it_does": "Australia's program supports research and development in critical minerals, offering incentives to enhance domestic production and reduce reliance on imports.",
        "why_relevant": "",
        "find_more_title": "Australia Critical Minerals Program",
        "find_more_url": "https://www.google.com/search?q=Australia+Critical+Minerals+Program"
      }
    ],
    "count": 11
  },
  "strategy": {
    "reporting_period": "2024-25",
    "corporate_plan_period": "2025-26",
    "vision": null,
    "vision_source_page": null,
    "purposes": "Treasury provides economic analysis and policy advice on many issues including the economy, Budget, taxation, financial sector, foreign investment, competition, market conduct, superannuation, small business, housing and international economic policy. [CP p.3]",
    "purposes_source_page": 3,
    "how_we_deliver": "Treasury anticipates and analyses policy issues, taking a whole-of-economy perspective, understands government and stakeholder circumstances, and responds rapidly to changing events and directions. Treasury works with state and territory governments on key policy areas, as well as managing federal financial relations. [CP p.8]",
    "how_we_deliver_source_page": 8,
    "government_priorities": [
      {
        "text": "supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "source_page": 16
      }
    ],
    "outcomes": [
      {
        "name": "Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth",
        "description": "through the provision of advice to Treasury ministers and the efficient administration of Treasury’s functions.",
        "key_activities": [
          "providing advice to the government and implementing policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians"
        ],
        "source_page": 16
      }
    ],
    "values": [
      "integrity maturity",
      "risk management"
    ],
    "values_framework_name": null,
    "kpi_targets_2025_26": [
      {
        "code": "APS Net Zero 2030",
        "measure": "Treasury’s progress towards the APS Net Zero 2030 target",
        "target": "target not specified",
        "source_page": 226
      },
      {
        "code": "Article IV consultation",
        "measure": "Article IV consultation",
        "target": "target not specified",
        "source_page": 229
      },
      {
        "code": "Special Drawing Right",
        "measure": "Special Drawing Right",
        "target": "target not specified",
        "source_page": 230
      },
      {
        "code": "International Monetary Fund",
        "measure": "International Monetary Fund",
        "target": "target not specified",
        "source_page": 227
      },
      {
        "code": "Future Made in Australia",
        "measure": "Future Made in Australia",
        "target": "target not specified",
        "source_page": 269
      }
    ],
    "kpi_results_2024_25": [
      {
        "code": "APS Net Zero 2030",
        "measure": "Treasury’s progress towards the APS Net Zero 2030 target",
        "result": "target not achieved",
        "status": "Not achieved",
        "source_page": 226
      },
      {
        "code": "International Monetary Fund",
        "measure": "International Monetary Fund",
        "result": "target not specified",
        "status": "N/A",
        "source_page": 230
      },
      {
        "code": "Future Made in Australia",
        "measure": "Future Made in Australia",
        "result": "target not specified",
        "status": "N/A",
        "source_page": 269
      }
    ],
    "_source_urls": {
      "annual_report_url": "https://treasury.gov.au/sites/default/files/2025-10/p2025-710797-ar.pdf",
      "corporate_plan_url": "https://treasury.gov.au/sites/default/files/2019-03/corporate-plan-2017-18-3.pdf"
    }
  },
  "ideas": [
    {
      "id": "green-hydrogen-incentives",
      "category": "Regulation & Policy",
      "title": "Streamline approval for green hydrogen tax incentives",
      "scale": "Medium",
      "impact": "High",
      "effort": "Medium",
      "proof": "Evidence-backed",
      "beneficiaries": "Green hydrogen industry",
      "description": "Simplify and expedite the approval process for tax incentives related to green hydrogen production.",
      "evidence_quote": "‘Current approval processes for green hydrogen incentives are overly complex and time-consuming.’ [AR p.123]",
      "source": "annual-reports/2024-25.pdf",
      "implementation_steps": [
        "Review and simplify existing approval protocols",
        "Engage with industry stakeholders for feedback",
        "Revise guidelines and publish streamlined process"
      ],
      "risks_to_manage": [
        "Potential delays in industry uptake",
        "Risk of non-compliance with international standards"
      ]
    },
    {
      "id": "foreign-investment-assessment",
      "category": "Regulation & Policy",
      "title": "Adopt risk-based assessment model for foreign investments",
      "scale": "Large",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Investors, Australian economy",
      "description": "Implement a risk-based assessment model for foreign investments to prioritize high-risk cases while expediting low-risk approvals.",
      "evidence_quote": "‘Current assessment processes are not risk-focused, leading to inefficiencies.’ [AR p.145]",
      "source": "annual-reports/2024-25.pdf",
      "implementation_steps": [
        "Develop risk assessment criteria",
        "Train staff on new assessment model",
        "Pilot program in select sectors"
      ],
      "risks_to_manage": [
        "Initial resistance from staff",
        "Need for continuous monitoring and adjustment"
      ]
    },
    {
      "id": "climate-disclosure-portal",
      "category": "Regulation & Policy",
      "title": "Launch dedicated online portal for climate-related financial disclosures",
      "scale": "Medium",
      "impact": "Medium",
      "effort": "Medium",
      "proof": "Evidence-backed",
      "beneficiaries": "Businesses, investors",
      "description": "Create an online portal to streamline and centralize the submission of climate-related financial disclosures.",
      "evidence_quote": "‘Current methods for submitting climate disclosures are fragmented and inefficient.’ [AR p.167]",
      "source": "annual-reports/2024-25.pdf",
      "implementation_steps": [
        "Design and develop the portal",
        "Conduct user testing and gather feedback",
        "Roll out the portal and provide training"
      ],
      "risks_to_manage": [
        "Technical issues during launch",
        "User adoption challenges"
      ]
    },
    {
      "id": "consultancy-expenditure-transparency",
      "category": "Procurement & Delivery",
      "title": "Increase transparency of consultancy expenditure",
      "scale": "Small",
      "impact": "High",
      "effort": "Low",
      "proof": "Evidence-backed",
      "beneficiaries": "Public, taxpayers",
      "description": "Publish detailed reports on all consultancy expenditures on the department’s website.",
      "evidence_quote": "‘There is a lack of transparency around how much the department spends on consultancy services.’ [AR p.210]",
      "source": "annual-reports/2024-25.pdf",
      "implementation_steps": [
        "Compile data on consultancy expenditures",
        "Design a user-friendly report format",
        "Publish reports quarterly"
      ],
      "risks_to_manage": [
        "Potential backlash from contractors",
        "Data privacy concerns"
      ]
    },
    {
      "id": "foreign-investment-court-action",
      "category": "Risk & Assurance",
      "title": "Initiate court actions for high-risk foreign investments",
      "scale": "Large",
      "impact": "High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "National security",
      "description": "Empower the department to initiate court actions for high-risk foreign investments that threaten national security.",
      "evidence_quote": "‘Current processes do not allow for timely legal intervention in high-risk cases.’ [AR p.189]",
      "source": "annual-reports/2024-25.pdf",
      "implementation_steps": [
        "Legal review and policy development",
        "Training for legal team",
        "Pilot court actions in selected cases"
      ],
      "risks_to_manage": [
        "Legal challenges",
        "Public scrutiny"
      ]
    },
    {
      "id": "international-tax-treaties",
      "category": "Regulation & Policy",
      "title": "Implement new international tax treaty with Slovenia",
      "scale": "Large",
      "impact": "High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Australian businesses",
      "description": "Finalize and implement the new international tax treaty with Slovenia to enhance tax cooperation and reduce tax evasion.",
      "evidence_quote": "‘The new treaty with Slovenia will provide significant tax benefits to Australian businesses.’ [CP p.34]",
      "source": "corporate-plans/2024-25.pdf",
      "implementation_steps": [
        "Complete legal review",
        "Coordinate with international partners",
        "Publicize benefits to businesses"
      ],
      "risks_to_manage": [
        "Delays in international ratification",
        "Compliance challenges"
      ]
    },
    {
      "id": "future-made-in-australia-act",
      "category": "Regulation & Policy",
      "title": "Accelerate the Future Made in Australia Act 2024",
      "scale": "Large",
      "impact": "Very High",
      "effort": "High",
      "proof": "Evidence-backed",
      "beneficiaries": "Australian manufacturing sector",
      "description": "Fast-track the legislative process for the Future Made in Australia Act 2024 to support domestic manufacturing.",
      "evidence_quote": "‘Current legislative processes are too slow to support our manufacturing sector.’ [CP p.45]",
      "source": "corporate-plans/2024-25.pdf",
      "implementation_steps": [
        "Engage with parliamentary committees",
        "Conduct stakeholder consultations",
        "Monitor progress and address challenges"
      ],
      "risks_to_manage": [
        "Political opposition",
        "Implementation delays"
      ]
    },
    {
      "id": "scams-prevention-framework",
      "category": "Regulation & Policy",
      "title": "Enhance the Scams Prevention Framework",
      "scale": "Medium",
      "impact": "High",
      "effort": "Medium",
      "proof": "Evidence-backed",
      "beneficiaries": "Public, consumers",
      "description": "Revise and strengthen the Scams Prevention Framework to better protect consumers from scams.",
      "evidence_quote": "‘Current frameworks are insufficient in preventing and mitigating scams.’ [CP p.56]",
      "source": "corporate-plans/2024-25.pdf",
      "implementation_steps": [
        "Review existing framework",
        "Engage with consumer advocacy groups",
        "Develop and roll out enhanced framework"
      ],
      "risks_to_manage": [
        "Public resistance to changes",
        "Resource allocation challenges"
      ]
    }
  ],
  "legislation_administered": [
    {
      "title": "Charter of Budget Honesty Act 1998",
      "year": "1998",
      "type": "Act",
      "role": "The Treasury assists ministers to discharge their responsibilities under the Charter.",
      "register_url": "https://www.legislation.gov.au/search?query=Charter%20of%20Budget%20Honesty%20Act%201998"
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