Latest financial results set stage for tough Budget process
27-02-2009
Latest financial results set stage for tough Budget processThe WA December quarter budget results released today vindicated the State Government’s three per cent efficiency drive and the need for further savings in the future, Treasurer Troy Buswell said.....

New Treasurer moves on Old Treasury
19-02-2009
The State Government has named Mirvac/Cbus as the preferred proponent for the redevelopment of Perth’s Old Treasury Buildings following an extensive evaluation process.

Cap on public sector workforce announced
03-02-2009
The Liberal-National Government has announced an across-government ceiling on employee numbers.

Government crackdown to reduce excessive regulation and red tape
30-01-2009
The Liberal-National Government has announced a raft of measures to reduce the burden of excessive red tape on Western Australian businesses and consumers and to bar the way to unnecessary government regulation in the future.

Land Tax cuts
24-08-2005
Land Tax cuts passed by Parliament A package of revenue measures, including land tax cuts worth more than $325million over four years, has been passed by the Western Australian Parliament. 

New Under Treasurer
16-06-2005
New Under Treasurer announced Tim Marney has been appointed Western Australia's Under Treasurer. 

Treasury and Finance News
31-05-2005
Archive issues of the quarterly newsletter Treasury and Finance news.  

Complaints system
14-03-2005
New complaints system  The Department of Treasury and Finance's new Complaints and Feedback System is now operating. This program enables you to give us vital feedback on how we are performing and help us to improve our service delivery standards. You can lodge your bou

Pre-election financial projections statement
01-02-2005
Pre-election Financial Projections Statement Acting Under Treasurer Colin Murphy released the 2004‑05  Pre‑election Financial Projections Statement  (PFPS) on 2 February 2005. Mr Murphy said that the PFPS had been prepared by the Department of Treasury and Finance in accordance w

Banking contract
16-12-2003
  New Government banking contract The Western Australian Government expects to save almost $17.5 million over the next five years through a new whole-of-government banking services contract. The Commonwealth Bank of Australia has won the tender for the provision of banking related

BOCS tickets
18-09-2003
  Just the ticket for BOCS A two-year strategic partnership between the DTF’s Online Technology Branch and the Perth Theatre Trust has culminated in the recent launch of the new BOCS Ticketing web site. The project has resulted in a new way of purchasing sporting and entertainm

Breakfast with the Treasurer
The Department of Treasury and Finance is hosting a breakfast forum with the Treasurer, the Hon Troy Buswell. You are invited to join us on the day to gain an understanding of the Government’s State Asset Investment Program 2009-2013.

Business investment up
Business investment up 22 per cent The September quarter Economic Summary shows business investment was the stand-out performer of the Western Australian economy last financial year. Business investment increased by almost 22 per cent over the 12 months. There was also a 7.7 per cent

Concessions for seniors
  New concessions for pensioners and seniors Measures to help Western Australian pensioners and seniors, including those living in what are commonly referred to as lease-for- life arrangements, are to be introduced from July 2005. The changes include Extending concessions on local government

Conveyance Duty - Oct 04
  Conveyance duty Stamp duty on the conveyance of property has been reduced by an average of 10 per cent across the rate scale. The following table compares the current and new conveyance duty rate scales: Stamp Duty on Property Conveyance (

CUC session - temp personnel
Briefing session on new contract The Department of Treasury and Finance is reviewing the terms and conditions of the common use contract for temporary personnel services. The existing contract (63200) is due to expire on 31 May 2004. Although additional categories may be added

Economic history
  An Economic History of Western Australia Since Colonial Settlement This publication (December 2004) traces events and developments that helped transform the Western Australian economy from European settlement to the present day.  The focus is on the development of the Eur

ERA bill
  New regulator for  energy and rail freight A new regulator will be set up to oversee the electricity, water, gas and rail freight industries. The move follows the passage of legislation through State Parliament on Thursday, 27 November. The Economic Regulation Authority w

First Home Owners - conveyancing
  Stamp Duty - First Home Buyers In the 2004-05 Budget the Government introduced a conveyance duty exemption for first home buyers who purchase a dwelling worth $220,000 or less. This exemption gradually phases out for properties valued between $220,000 and $300,000. New arrangeme

Fleet contract
  Big savings from new government fleet contracts New contracts for services to the State Government’s vehicle fleet have been awarded. The new contracts will provide for more effective fleet operations and, at the same time, will save government around $1 million a year.

Gem Review
  Gem Purchasing Review The Government has endorsed the recommendations of a review of the Gem Purchasing system undertaken by AOT Consulting . Gem Purchasing is that part of the Government Electronic Market (Gem) that covers the procurement of low value, high volume items – everyt

Land Tax Oct 2004
  Land Tax From 1 July 2005 the Government will amend the operation of the land tax exemption threshold so that land tax is only levied on the portion of the aggregate taxable value of land above the exemption threshold (currently $100,000), rather than on the total land value

Langoulant to CCI
 John Langoulant to take up post at CCI The Under Treasurer John Langoulant is to become the Chief Executive Officer at the Chamber of Commerce and Industry of Western Australia. Mr Langoulant made the announcement on 4 June. He will take up his new post in mid-July.

Mid-Year Review
Mid-Year Review released  THE Western Australian Government’s mid-year financial review has been released.              The projected surplus for this financial year is $142 million, up from a Budget time estimate of

MR - stamp duty ruling
  Ruling on the time available for stamp duty payments The Commissioner of State Revenue, Mr Bill Sullivan, has announced the issue of a new ‘Revenue Ruling’ outlining the circumstances under which an extension of time to pay stamp duty may be granted. The issue of this

New tax system
New tax system Western Australia has a new system of payroll and land tax. Measures introduced on 1 July 2003 mean Western Australia has a single rate of payroll tax set at six per cent, rather than previous mix of marginal rates as high as 11.6 per cent. More than half al

News archive 2003
 News Archive Click on the story title for more information. Mid-Year Review released  (19/12/03) New banking contract  (16/12/03) Six nuisance taxes

Pay-roll Tax Oct 04
  Pay-roll tax Pay-roll tax will be reduced to 5.5 per cent from1 January 2005 This measure will result in all businesses paying 8.3 per cent less in pay-roll tax, with the average benefit per employer will be nearly $12,000 a year. This proposal builds on the simpli

Preparing for IAS
 Australia prepares for IAS The Department of Treasury and Finance (DTF) is playing a key role in assisting the Western Australian public sector prepare for  International Accounting Standards  (IAS) which are due to come into effect in January 2005. As part of the pr

Procurement Reform Fact Sheets
  Procurement Reform Fact Sheets As part of the Procurement Reform Process, the Program Management Office has produced a number of Fact Sheets outlining what is happening. There are four Fact Sheets available. They are Savings with Common Use Contracts   Opportuni

Risk management
Identifying risks Risk management and insurance in procurement and contract management is the theme of a seminar to be held on 5 November. Identifying and managing the risks for Government agencies when calling tenders or managing contracts will be covered in detail. The seminar

Software contract
 Corporate Services Software and system support tender Details of the first of a series of bulk buying contracts to improve Government Corporate Services operations have been released. Documents relating to a tender for payroll, finance, e-procurement and human resource syste

Tax changes - October 2004
Stamp duty, land tax and pay-roll tax changes New tax concessions on stamp duty and land tax were announced on 28 October, 2004. Changes have also been announced to pay-roll tax. The key initiatives are: an immediate 10 per cent cut to stamp duty on all property conv

Tax Reforms Start
Tax changes into effect   The first of a series of major tax reforms in Western Australia have come into effect. From 1 January 2004 the stamp duty on new chequebooks, leases and (unlisted) marketable securities was abolished. At the same time there was a range o

Travel contracts
 Up, up and away    Photo gallery CWT's Darryl Laverty with Maree Findley from Main Roads WA Left to right, Keith Bedell, Matt Clapé and Sue Hawkey from Thrifty with Chris Jolly (Water Corporation) DTF contra

Unclaimed Monies Register 2003
 Latest Unclaimed Monies register published  The State Government is holding around $21 million in unclaimed money, received over the past 13 years. In the past year alone, almost $2.3 million dollars has been received from a variety of sources, mainly the proceeds of unpresente