department of treasury and finance, tasmania

What department of treasury and finance, tasmania does

The Department of Treasury and Finance is a statutory state government department of Tasmania, Australia, headquartered in Hobart. It operates under the Financial Management Act 1998, Government Business Enterprises Act 1995, and various liquor and gaming legislation, holding exclusive authority over the state's financial management, economic policy, and key regulatory functions. The department is organized into six service divisions: Budget and Financial Management (preparing annual state budgets and whole-of-government financial reports), Economy (economic data, population projections, and economic reform policy), Government Businesses (oversight of state-owned enterprises including Aurora Energy, Hydro Tasmania, TasNetworks, TT-Line, and Sustainable Timber Tasmania through the Corporate Governance Framework), Liquor and Gaming (licensing, regulation, and fee collection), Purchasing and Property (whole-of-government procurement, eTendering, common use contracts, and property services), and Treasurer's Instructions (regulatory frameworks governing government expenditures). The underlying technology stack comprises government financial management systems, the eTendering platform (tenders.tas.gov.au), and whole-of-government purchasing systems, supported by linked agency portals including the State Revenue Office, Office of the Tasmanian Economic Regulator, Retirement Benefits Fund, State Grants Commission, and Tasmanian Risk Management Fund.

The department does not generate commercial revenue; it is funded through Tasmanian Government budget allocation and administers regulatory fees (notably liquor and gaming licensing) on behalf of the state. Its go-to-market model is direct government-to-government, with services delivered through digital self-service portals, Service Tasmania physical outlets, common use contracts, and direct engagement with government departments and businesses. Customer segments consist of the Tasmanian Government and its agencies as the primary client, Tasmanian Government Businesses requiring governance oversight, licensed premises and gaming operators as regulated entities, and private sector suppliers accessing procurement opportunities through the eTendering system. Recent strategic activity centers on the delivery of the 2025-26 and 2026-27 Tasmanian Budgets, the Fiscal Sustainability Report 2026, the mid-year 2025-26 Revised Estimates Report, and ongoing consultation over the Government Business Governance Reforms Bill 2026 and the Short Stay Levy Bill 2025.

Name

department of treasury and finance, tasmania

Legal name

Department of Treasury and Finance (Tasmania)

Website

https://treasury.tas.gov.au

Company type

Private

Operating status

Operating

Short description

The Department of Treasury and Finance is a Tasmanian state government department delivering whole-of-government financial management, economic policy, government business oversight, liquor and gaming regulation, and procurement services for the Tasmanian Government and its agencies.

Ownership category

akta.pro rank

Product category

Government Financial Management

NAICS

Public Finance Activities (921130), Public Finance Activities (92113), Administration of Economic Programs (926), Executive, Legislative, and Other General Government Support (921)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYBPAIABAC

State/Provincial Treasury, Budget & Fiscal Management

Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration

SECONDARYBPAIAEAD

Government Accounting & Financial Reporting

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAA

Budgeting & Fiscal Planning

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIABAD

State/Provincial Taxation & Revenue Administration

Business & Public Services/Public Sector & Government Administration/State/Provincial & Regional Government Administration

SECONDARYBPAIAEAB

Treasury & Cash Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

Keywords

• Government financial management
• State budget administration
• Fiscal policy advice
• Government procurement services
• Liquor and gaming licensing

Headquarters

HQ city

Hobart

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Government Budget Allocation and Regulatory Fees: The department is funded through the Tasmanian Government budget allocation. It does not generate commercial revenue but manages public funds, government businesses, and regulatory functions including liquor and gaming licensing fees, which are collected on behalf of the government.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels2 records

Core offering

The Department of Treasury and Finance, Tasmania is a state government department that provides whole-of-government financial management, economic policy advice, and regulatory administration for the Tasmanian Government. Its core offerings include preparing the annual state budget, managing whole-of-government financial reporting, regulating state-owned government businesses, administering liquor and gaming licensing, and overseeing state procurement and property services.

Product overview

The Department of Treasury and Finance Tasmania is a government department providing whole-of-government financial, economic, and regulatory services. The department operates as a platform of interconnected service divisions rather than a unified commercial product. Core divisions include Budget and Financial Management (delivering annual state budgets and financial reporting), Economy (economic data and reform), Government Businesses (oversight of state-owned businesses), Liquor and Gaming (regulatory licensing), Purchasing and Property (procurement and asset management), and Treasurer's Instructions (regulatory frameworks). Related services include the State Grants Commission, Tasmanian Risk Management Fund, and GST Distribution publications. The department also provides access to linked agencies including the State Revenue Office, Tasmanian Economic Regulator, and Retirement Benefits Fund.

Differentiator

Problem solved

Functional benefit

Products and services

• Budget and Financial Management Whole-of-government financial management services for Tasmanian Government departments and agencies, including preparation of the annual state Budget, financial reports, budget management guidelines, and financial management guidelines.
• Economy Economic data analysis, economic trends monitoring, population projections, and economic reform policy implementation for Tasmania. Includes Fee Units, Competitive Neutrality Policy, and Legislation Review Program.
• Government Businesses Oversight and regulation of Tasmanian Government Businesses including Aurora Energy, Hydro Tasmania, TasNetworks, TT-Line, and Sustainable Timber Tasmania through strategic reviews, corporate governance framework, and board appointments.
• Liquor and Gaming Licensing and regulation of liquor sales and gaming activities in Tasmania, including fee collection, tax administration, compliance monitoring, and liquor licence decisions publication.
• Purchasing and Property Whole-of-government purchasing policies, common use contracts, eTendering platform, prequalification schemes, property services, and procurement guidelines for Tasmanian Government agencies.
• Treasurer's Instructions Financial management and procurement guidelines governing government expenditures, including Financial Management TIs, Procurement TIs, and Government Business TIs under the Financial Management Act 1998.
• Tasmanian Risk Management Fund Self-insurance fund for Tasmanian government agencies managing insurable risks across the public sector.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and supporting.

• State Revenue Office (SRO)coreOthersRelated Tasmanian Government agency under the Treasury and Finance portfolio. The State Revenue Office administers state revenue laws including land tax, payroll tax, and duties.
• Office of the Tasmanian Economic RegulatorcoreOthersRegulatory body for energy, irrigation, and essential services pricing in Tasmania. Works within the Treasury portfolio for economic regulation.
• Tasmanian Risk Management FundsupportingOthersWhole-of-government self-insurance scheme for Tasmanian Government agencies, managed in coordination with the department.
• State Grants CommissionsupportingOthersCommission that makes recommendations to the Treasurer on the distribution of Commonwealth horizontal fiscal equalisation grants to Tasmanian local government authorities.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• NSW Treasury: NSW Treasury is the New South Wales state treasury department, performing the same core functions as the Tasmanian Department of Treasury and Finance: state budget preparation, financial management, economic policy advice, and oversight of state-owned corporations. It is a direct jurisdictional peer within the Australian federation.
• Department of Treasury and Finance (Victoria): Victoria's DTF is the Victorian state equivalent of the Tasmanian Department of Treasury and Finance, handling state budget, financial management, economic policy, and government-business oversight under analogous legislation. It is a directly comparable state-level peer operating at larger scale.
• Queensland Treasury: Queensland Treasury performs state-level fiscal, economic, and financial management functions for the Queensland Government, parallel to the Tasmanian Department of Treasury and Finance. Both deliver annual state budgets, manage government businesses, and advise on economic reform.
• Department of Treasury (Western Australia): WA Department of Treasury is the Western Australian state treasury, delivering whole-of-government financial management, economic advice, and budget delivery functions that mirror the Tasmanian Department's mandate. It is a directly comparable state-level peer.
• Department of Treasury and Finance (South Australia): South Australia's DTF handles the same suite of state treasury functions as Tasmania's Department of Treasury and Finance: budget management, economic policy, government-business governance, and procurement policy. It is a directly comparable state-level peer.
• ACT Treasury: ACT Treasury performs the equivalent state/territory-level fiscal and economic management functions for the Australian Capital Territory, paralleling the Tasmanian Department's mandate across budget, financial management, and economic policy. It is a directly comparable sub-national treasury peer.
• Department of Treasury and Finance (Northern Territory): The NT Department of Treasury and Finance performs the same whole-of-government budget, financial management, and economic policy functions as the Tasmanian Department, serving the Northern Territory government. It is a directly comparable sub-national treasury peer in a small-jurisdiction context similar to Tasmania.

Broad incumbents

• Treasury (Australian Government): The Australian Treasury is the federal-level treasury department, operating at a much broader scale across the Commonwealth with responsibilities including the federal budget, taxation policy, and macroeconomic policy. It is an incumbent peer at the apex of Australia's treasury system and sets frameworks that state treasuries such as Tasmania operate within.

Others

• State Revenue Office Tasmania: The State Revenue Office Tasmania is a related Tasmanian agency under the Treasury and Finance portfolio that administers state taxation including land tax, payroll tax, and duties. It is operationally adjacent and ecosystem-linked, executing revenue functions that complement the department's broader fiscal mandate.
• Office of the Tasmanian Economic Regulator: The Office of the Tasmanian Economic Regulator regulates energy, irrigation, and essential services pricing in Tasmania and operates within the Treasury portfolio. It is an ecosystem-linked entity whose regulatory remit intersects with the department's oversight of government businesses.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/departmentoftreasuryandfinancetasmania

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about department of treasury and finance, tasmania