The Australian National Audit Office (ANAO) is a specialist public sector practice providing a full range of audit services to the Parliament and Commonwealth public sector agencies and statutory bodies.
The AOFM aims both to manage Commonwealth net debt at least cost over the medium-term and contribute to supporting financial market efficiency, subject to the government's general policies and risk preferences
The Commission operates under the Commonwealth Grants Commission Act 1973. It is a statutory authority whose role is to provide advice to the Australian Government in response to terms of reference from the Treasurer. The Commonwealth Grants Commission assists the Government in determining the annual allocation of general revenue assistance among the States and Territories.
As a central agency of the Australian Government, the Department of Finance and Deregulation (Finance) plays an important role in assisting government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure and financial management, deregulation reform and the operations of government.
The Future Fund Management Agency is responsible for the development of recommendations to the Board of Guardians on the most appropriate investment strategy for each fund and for the implementation of these strategies.
The new Intergovernmental Agreement on Federal Financial Relations provides the overarching framework for the Commonwealth's financial relations with the States.