Book Launch - Changing Fortunes: A History of the Australian Treasury


Book Launch - Changing Fortunes: A History of the Australian Treasury

Terrace Lounge
Walter Boas


More information

T: 90357704

Paul Tilley, senior Fellow at the Law School who is teaching Tax Policy in the Melbourne Tax Masters, will be in conversation with The Hon Steve Bracks AC and Director Professor Miranda Stewart, on this important new book by Paul, published by Melbourne University Press.

Changing Fortunes: A History of the Australian Treasury examines how Treasury has evolved in its economic thinking and its influence on policy. The book tracks Treasury's history since Federation, with a focus on the modern era since the 1976 split with Finance. Treasury has been at the centre of every major economic policy issue the Australian Government has faced, its role evolving from the government's bookkeeper at Federation in 1901 to today's economic policy advising agency. Throughout its history Treasury has been a robust and stable institution with a consistent market-oriented economic framework. It has supported reformist Treasurers such as Keating and Costello, and been a voice of caution when political imperatives have pushed governments down economically damaging paths. At times, though, Treasury advice has been ignored and it has been pushed out into the cold. Amidst the political chaos of recent times, Treasury has been dragged closer to government and become a less effective policy adviser. As a result, there has been a lack of a consistent government economic reform narrative over the last decade.

Hosted by the Tax Group and the Melbourne School of Government


  •  Paul  Tilley
    Paul Tilley, Senior Fellow
  • The Honourable Steve Bracks
  • Professor Miranda Stewart
    Professor Miranda Stewart, Director of studies, International Tax and Tax