FINANCE'S BUSINESS GROUPS AND STRUCTURE

Finance is organised into eight functional Business Groups. The Department's organisational structure as at 30 June 2001 is shown at Figure 2. Finance has a devolved organisational structure that supports streamlined decision-making and a wide range of challenging projects for our people across the Department. The key functions of each Business Group are:

Budget

• contributes to the achievement of sustainable Government finances through its management of the Budget process, and the provision of analysis and advice.

Property

• manages, on a commercial basis, the Commonwealth's non-Defence overseas and domestic property portfolio.

Financial Framework

• supports a high performing Commonwealth public sector that delivers on Government priorities and is open to competition; develops financial framework legislation; develops Commonwealth procurement policies; provides leadership to the Government's financial management and governance practices; enhances accountability relationships; and supports the Minister in his legislated responsibilities.

Business Services

• provides insurance services and promotes a risk management culture across the Commonwealth public sector; provides shareholder advisory services to the Minister regarding Government Business Enterprises; provides advice and operational support to the Remuneration Tribunal; manages a range of commercial contracts as well as residual issues related to the sale of Government businesses; and provides policy advice in relation to Commonwealth civilian and parliamentary superannuation schemes.

Ministerial and Parliamentary Services

• M&PS provides advice and a range of services to Senators and Members of Parliament and their staff, the Australian Political Exchange Council and dignitaries.

Corporate

• provides advice to the Secretary and Management Board on the administration of the Department; manages strategic partnerships with external providers to support Finance business; and provides general coordination, liaison and advisory functions to our Ministers and across the Department and Portfolio.

e-Solutions

• aims for greater value from Finance's intellectual capital, business processes and information technology through knowledge management, end-to-end reform of business processes and online strategies.

Financial Management

• manages financial and management accounting, budgeting, financial systems and reporting, treasury management, corporate finance and accounting policies and procedures across the Department.