improvements to productivity and workplace reform’ has On 18 January 2015, the Victorian Government been discontinued as primary responsibility for the announced the abolition of the Construction Code Industrial Relations function has moved to the Compliance Unit. The objective indicator ‘Increased Department of Economic Development, Jobs, Transport engagement with industry to enable improved and Resources. DTF retains responsibility for the compliance and productivity in the Victorian application of the wages policy however, and this construction industry’ has been discontinued as it is no function is part of the Financial and Resource longer relevant. This function was part of the Land and Management Frameworks Maintenance and Support Infrastructure Investment Management output. output in 201516. Changes to outputs are reflected in the below. 201415 departmental objective 201415 output Reason for change Guide government actions to increase Business Environment Policy Advice This output has been transferred to the Victoria’s productivity and Department of Premier and Cabinet as a competitiveness result of machinery of government changes. Sound financial management of Victoria’s Budget and Financial Policy Advice The Workplace Relations function and its fiscal resources performance measures transferred to the Department of Economic Development, Jobs, Transport and Resources due to machinery of government changes effective 1 January 2015. Departmental objectives, indicators and outputs The Department’s objectives, associated indicators, and linked outputs as set out in the 201415 Budget Paper No. 3 Service Delivery are shown below. Departmental objective Indicators Outputs financial management of Victoria’s Demonstrate strong fiscal discipline by Financial and Resource Management fiscal resources maintaining an annual budget surplus of Frameworks at $100 million.(a) The Department of Treasury and Finance Budget and Financial Policy Advice has a central role in shaping Victoria’s General government net debt reduced Financial Reporting economic, social and fiscal policy to as a percentage of GSP over the decade GBE Performance Monitoring and Financial ensure that Government financial policies to 2022.(a) Risk Management are fiscally sound. Effective financial risk management and Revenue Management Services to prudential supervision of public financial Government corporations and public nonfinancial corporations. Guide government actions to increase Reduce regulatory burden by Economic and Financial Policy Victoria’s productivity and 25 per cent by 2014. Economic Regulatory Services competitiveness Reduce the costs and barriers to doing The Department of Treasury and Finance business in Victoria. provides Government with advice on key economic and financial issues, including longer term economic development, regulation, financial strategy and taxation policy.
improvements to productivity and workplace reform’ has been discontinued as primary responsibility for the Industrial Relations function has moved to the Department of Economic Development, Jobs, Transport and Resources. DTF retains responsibility for the application of the wages policy however, and this function is part of the Financial and Resource Management Frameworks Maintenance and Support output in 201516. On 18 January 2015, the Victorian Government announced the abolition of the Construction Code Compliance Unit. The objective indicator ‘Increased engagement with industry to enable improved compliance and productivity in the Victorian construction industry’ has been discontinued as it is no longer relevant. This function was part of the Land and Infrastructure Investment Management output. Changes to outputs are reflected in the below. 201415 departmental objective 201415 output Reason for change Guide government actions to increase Victoria’s productivity and competitiveness Business Environment Policy Advice This output has been transferred to the Department of Premier and Cabinet as a result of machinery of government changes. Sound financial management of Victoria’s fiscal resources Budget and Financial Policy Advice The Workplace Relations function and its performance measures transferred to the Department of Economic Development, Jobs, Transport and Resources due to machinery of government changes effective 1 January 2015. Departmental objectives, indicators and outputs The Department’s objectives, associated indicators, and linked outputs as set out in the 201415 Budget Paper No. 3 Service Delivery are shown below. Departmental objective Indicators Outputs financial management of Victoria’s fiscal resources The Department of Treasury and Finance has a central role in shaping Victoria’s economic, social and fiscal policy to ensure that Government financial policies are fiscally sound. Demonstrate strong fiscal discipline by maintaining an annual budget surplus of at $100 million.(a) General government net debt reduced as a percentage of GSP over the decade to 2022.(a) Effective financial risk management and prudential supervision of public financial corporations and public nonfinancial corporations. Financial and Resource Management Frameworks Budget and Financial Policy Advice Financial Reporting GBE Performance Monitoring and Financial Risk Management Revenue Management Services to Government Guide government actions to increase Victoria’s productivity and competitiveness The Department of Treasury and Finance provides Government with advice on key economic and financial issues, including longer term economic development, regulation, financial strategy and taxation policy. Reduce regulatory burden by 25 per cent by 2014. Reduce the costs and barriers to doing business in Victoria. Economic and Financial Policy Economic Regulatory Services
DTF-Annual-Report-2014-15.docx