Treasurer of Australia
Learn more about Treasurer of Australia
The Australian Treasurer 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 Australian 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 House of Representatives. 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. 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.
 List of Australian Treasurers
Treasurers Watson, Fisher, Scullin, Lyons, Menzies, Chifley, Whitlam and Hawke were also Prime Minister during some or all of their period as Treasurer.