Department of Treasury and Finance 2025-26 annual report
Summary
The report's own summary: Secretary’s foreword, pages 15 to 17
Generated summary: written by an AI model from the report text and checked against the cited pages.
The Department of Treasury and Finance’s 2025–26 report covers its economic, financial, infrastructure, industrial relations and commercial policy advice to the Victorian Government.
The department reported preparing the 2026–27 Budget and other financial publications, and strengthening financial management accountability requirements.
It reported supporting more than 70 business reform projects through the Business Acceleration Fund, with a benefit to cost ratio of 4:1.
It recorded a surplus from transactions of $0.4 million.
Finances 4
Total income from transactions
$470 967 thousand
Printed as
Total income from transactions 470 967 465 305
Total expenses from transactions
$(470 598) thousand
Printed as
Total expenses from transactions (470 598) (458 895)
Employee benefit expense
$(254 636) thousand
Printed as
Employee benefit expense 3.2.1 (254 636) (259 726)
Net result
$2 030 thousand
Printed as
Net result 2 030 6 656
Staff 2
Total employees (b)
700 people
Printed as
Total employees (b) 700 673 571 74 627 55 46 694 664 548 77 605 69 59
Total employees (b)
673 FTE
Printed as
Total employees (b) 700 673 571 74 627 55 46 694 664 548 77 605 69 59
Executives and remuneration 8
Remuneration received or receivable by the Accountable Officer
$890 000–$900 000
Printed as
Remuneration received or receivable by the Accountable Officer in connection with the management of the Department during the reporting period was in the range: $890 000–$900 000
Total remuneration
$29 890 thousand
Printed as
Total remuneration 29 890 27 468 Total number of executives (b) 118 120
Total number of executives (b)
118
Printed as
Total number of executives (b) 118 120
Total remuneration
$4 471 thousand
Printed as
Remuneration of key management personnel (a) Short-term employee benefits 4 101 3 753 Post-employment benefits 269 259 Other long-term benefits 101 144 Termination benefits – 252 Total remuneration 4 471 4 408
SES-3
5
Printed as
SES-3 3 3 – 2 2 – – – – 5 5 –
SES-2
27
Printed as
SES-2 14 15 (1) 13 14 (1) – – – 27 29 (2)
SES-1
62
Printed as
SES-1 31 32 (1) 31 27 4 – – – 62 59 3
Total
94
Printed as
Total 48 50 (2) 46 43 3 – – – 94 93 1
Consultancies 51
ACIL Allen Consulting Pty Ltd
$73 978
Printed as
ACIL Allen Consulting Pty Ltd Economic advice for Victorian Homebuyer Fund repayments forecasting 136 364 73 978 62 386
Ad Astra Corporate Advisory Pty Ltd
$1 500 000
Printed as
Ad Astra Corporate Advisory Pty Ltd Commercial and transaction advice 3 000 000 1 500 000 1 500 000
Aster Advisory Pty Ltd
$73 642
Printed as
Aster Advisory Pty Ltd Commercial and transaction advice 152 286 73 642 17 856
Brave TV Pty Ltd
$5 978
Printed as
Brave TV Pty Ltd Advice on a communications strategy and associated communication costs for the establishment of the proposed National Labour Hire Regulator 11 956 5 978 –
Christopher Webb
$17 800
Printed as
Christopher Webb Procurement for Recraft Consulting to develop Safe Food Victoria’s regulatory posture 17 800 17 800 –
Create Advisory Pty Ltd
$13 837
Printed as
Create Advisory Pty Ltd Economic analysis of impact of Artificial Intelligence tools in Victorian local council planning permit process 138 366 13 837 124 529
Cube Group Management Consulting (Australia) Pty Ltd
$200 000
Printed as
Cube Group Management Consulting (Australia) Pty Ltd Developing a Regulator Capability Self-Assessment Tool 200 000 200 000 –
Deloitte Touche Tohmatsu
$979 041
Printed as
Deloitte Touche Tohmatsu Commercial and financial advisory services to support the implementation of Affordable Housing Investment Partnerships (Phase 4) 1 681 818 979 041 828
Deloitte Touche Tohmatsu
$46 496
Printed as
Deloitte Touche Tohmatsu Evaluation of side by side Partnership Addressing Disadvantage 702 819 46 496 92 993
Deloitte Touche Tohmatsu
$142 300
Printed as
Deloitte Touche Tohmatsu Forecasting Model for Victorian Homebuyer Fund repayments 167 713 142 300 25 413
Deloitte Touche Tohmatsu
$84 629
Printed as
Deloitte Touche Tohmatsu National Labour Hire Regulator ICT requirements and solutions options 423 143 84 629 –
Donald Cant Watts Corke (Vic) Pty Ltd
$82 810
Printed as
Donald Cant Watts Corke (Vic) Pty Ltd Assurance review 82 810 82 810 –
E3 Advisory Pty Ltd
$72 125
Printed as
E3 Advisory Pty Ltd Assurance review 454 546 72 125 –
Ernst & Young
$75 000
Printed as
Ernst & Young Provision of prudential supervision services for Treasury Corporation of Victoria 800 000 75 000 75 000
Finity Consulting Pty Ltd
$89 500
Printed as
Finity Consulting Pty Ltd Independent review of the setting of WorkCover premiums 89 500 89 500 –
Holding Redlich
$13 584
Printed as
Holding Redlich Development of model legislative provisions 81 500 13 584 –
Insight Economics
$22 511
Printed as
Insight Economics Financial modelling for the National Labour Hire Regulator 22 511 22 511 –
Johnstaff Projects (Vic) Pty Ltd
$18 675
Printed as
Johnstaff Projects (Vic) Pty Ltd Development of new infrastructure procurement guidance 85 638 18 675 3 112
King & Wood Mallesons
$29 444
Printed as
King & Wood Mallesons Construction industry complaints referral function (Implement recommendation 6 of the Wilson Review) 30 000 29 444 556
KPMG
$84 080
Printed as
KPMG Commercial advisor for the Rent to Buy Program for First Peoples 227 273 84 080 143 192
KPMG
$246 477
Printed as
KPMG Commercial and financial advisory services to support the Social Housing Growth Fund’s BHB Build and Operate round and Affordable Housing Partnership Program 1077 000 246 477 372 755
KPMG
$1047 448
Printed as
KPMG Commercial and transaction advice 2910 860 1047 448 291 411
KPMG
$212 358
Printed as
KPMG Food production industry regulatory reform 265 448 212 358 –
KPMG
$98 484
Printed as
KPMG Streamlining local law requirements for hospitality and construction 271 762 98 484 –
Lander & Rogers
$13 102
Printed as
Lander & Rogers Legal advice in relation to labour hire regulatory reform 13 102 13 102 –
MBMpL Pty Ltd
$64 689
Printed as
MBMpL Pty Ltd Assurance review 76 360 64 689 –
Minter Ellison
$310 509
Printed as
Minter Ellison Commercial and transaction advice 826 000 310 509 –
Minter Ellison
$18 568
Printed as
Minter Ellison Guidance material under the Restricting Non-Disclosure Agreements (Sexual Harassment at Work) Act 2025 20 552 18 568 1 184
Norton Rose Fulbright Australia
$136 084
Printed as
Norton Rose Fulbright Australia Port of Melbourne pricing order reform 140 000 136 084 –
Nous Group Pty Ltd
$83 600
Printed as
Nous Group Pty Ltd Advice on organisation design and workforce cost estimation – National Labour Hire Regulator 209 000 83 600 –
Nous Group Pty Ltd
$180 000
Printed as
Nous Group Pty Ltd Consultancy for digital strategy for new food regulation 180 000 180 000 –
Nous Group Pty Ltd
$245 000
Printed as
Nous Group Pty Ltd Digital vision and ICT strategy development 245 000 245 000 –
Nous Group Pty Ltd
$117 600
Printed as
Nous Group Pty Ltd Regulatory Impact Statement relating to proposed amendments to the Labour Hire Licensing Regulations 2018 168 000 117 600 50 400
Proximity Advisory Services
$90 304
Printed as
Proximity Advisory Services Project planning services for the national labour hire project 156 848 90 304 –
Right Lane Consulting Pty Ltd
$128 244
Printed as
Right Lane Consulting Pty Ltd DTF-wide improvement initiative 732 477 128 244 –
Sapere Research Group Limited
$88 225
Printed as
Sapere Research Group Limited Analysis of Victorian local council planning referrals and referral authorities 88 225 88 225 –
Sapere Research Group Limited
$335 813
Printed as
Sapere Research Group Limited Business Acceleration Fund oversight 1222 867 335 813 510 769
Scyne Advisory Pty Ltd
$43 734
Printed as
Scyne Advisory Pty Ltd Advice on Victorian Government Risk Management Framework 164 455 43 734 64 851
Scyne Advisory Pty Ltd
$63 311
Printed as
Scyne Advisory Pty Ltd Implementation support for roll out of e-Invoicing program 909 091 63 311 141 475
Scyne Advisory Pty Ltd
$476 338
Printed as
Scyne Advisory Pty Ltd Professional advisory services to support public sector psychological health initiative 506 228 476 338 30 993
Scyne Advisory Pty Ltd
$59 598
Printed as
Scyne Advisory Pty Ltd Proposal evaluation 100 000 59 598 40 402
The Agenda Group
$90 050
Printed as
The Agenda Group Supporting rollout of regulatory reforms to Victorian councils 170 205 90 050 –
Three Thirds Group Pty Ltd
$2 125
Printed as
Three Thirds Group Pty Ltd Town planning advisory services to support the Social Housing Growth Fund’s BHB Build & Operate round and Affordable Housing Partnership Program 351 250 2 125 –
Titanium Advisory Pty Ltd
$95 000
Printed as
Titanium Advisory Pty Ltd Credit ratings advisory services 95 000 95 000 –
University of New South Wales
$115 133
Printed as
University of New South Wales Alternative ways of working in the Victorian public sector research 172 700 115 133 57 567
Urbis Pty Ltd
$149 447
Printed as
Urbis Pty Ltd Evaluation of the Arc Partnership Addressing Disadvantage 900 000 149 447 613 436
Urbis Pty Ltd
$80 333
Printed as
Urbis Pty Ltd Independent evaluation for Living Learning Partnerships Addressing Disadvantage 535 554 80 333 120 500
Urbis Pty Ltd
$20 580
Printed as
Urbis Pty Ltd Independent evaluation for the COMPASS Social Impact Bond (COMPASS) Partnerships Addressing Disadvantage 509 091 20 580 –
Yamagigu Consulting
$110 263
Printed as
Yamagigu Consulting Better Regulation Victoria – First Peoples and regulation project 170 263 110 263 –
Yamagigu Consulting
$11 364
Printed as
Yamagigu Consulting First Peoples and regulation project market research. Develop guidance for Victorian Regulators to implement the Towards Best Practice principles when engaging with Aboriginal people 22 727 11 364 11 364
Total: 50
$8 359 209
Printed as
Total: 50 21 716 105 8 359 209 4 352 973
About the document
- Edition
- Current edition
- Reading status
- Read by OPAX
- Pages
- 164
- Figures not found in the report
- Executive average remuneration