|8 November 2008
|Empire of Austenasia
The Treasury of Austenasia (formerly known as the Ministry of the Treasury and prior to that as the Department of the Treasury) is the government body responsible for the finances, government income and national expenditure of the Empire of Austenasia.
The Treasury has the responsibility of developing and executing the national finance policy, and prior to 2013 oversaw a system of tax collection. Since June 2023, it has also held an online investment account - the Precious Metals Account - from which profits are drawn from investing in precious metals.
It was also responsible for the minting of a set of commemorative coins in 2018 to mark Austenasia's tenth anniversary. The Treasury is run by the Chancellor; since September 2021, this has been Emperor Jonathan I.
The Treasury was originally known as the Department of the Treasury when it was founded by Act 14 of the Austenasian Parliament on 8 November 2008, but was renamed to the Ministry of the Treasury by Act 31 on 13 December 2008, and then simply to the Treasury by Act 59 on 21 February 2009.
The work of the Treasury has, since 28 July 2011, been carried out by specialised departments:
- The Department for Income and Expenditure oversees and records money gained or spent by the government. Prior to November 2013, there were two separate departments for this function, one overseeing income (Department for Taxes) and one for expenses (Department for Expenditure).
- The Department for the Treasury Money oversees the secure storage of state funds.
- The Department for Commerce (renamed to such in September 2021; originally founded as the Chamber of Commerce on 8 October 2019) oversees the registration and review of Austenasian companies.
The Treasury also exercises oversight over the Secretary for Investment, a position which since 21 June 2023 has been responsible for overseeing the Precious Metals Account, currently held by Lord Michael Simpson, Count of Occibrazos.