Look up treasurer in Wiktionary, the free dictionary.

A treasurer is the person responsible for running the treasury of an organization. The adjective for a treasurer is normally "tresorial". The adjective "treasurial" normally means pertaining to a treasury, rather than the treasurer.

Government[link]

In A new way to pay the National Debt (1786), James Gillray caricatured Queen Charlotte and George III awash with treasury funds to cover royal debts, with Pitt handing them another moneybag.

The Treasury of a country is the department responsible for the country's economy, finance and revenue. The Treasurer is generally the head of the Treasury, although, in some countries (such as the U.K. or the U.S.) the treasurer reports to a Secretary of the Treasury, or Chancellor of the Exchequer. In Australia, the Treasurer is a senior Minister and usually the second most important member of the Government after the Prime Minister. From 1867 to 1993, the Ministry of Finance (Ontario) was called the Treasurer of Ontario.

Originally the word referred to the person in charge of the treasure of a noble, however it has now moved into wider use. In the UK during the 17th Century, a position of Lord High Treasurer was used on several occasions as the third great officer of the Crown. Now the title First Lord of the Treasury is the official title of the British Prime Minister.

Corporate treasurers[link]

In corporations, the Treasurer is the head of the corporate treasury department. They are typically responsible for liquidity risk management, cash management, issuing debt, foreign exchange and interest rate risk hedging, securitization, oversight of pension investment management, and capital structure (including share issuance and repurchase). They also typically advise the corporation on matters relating to corporate finance. They could also have oversight of other areas, such as the purchase of insurance.

There are various Treasurer associations. The International Group of Treasury Associations (www.igta.org) is composed of about 30 treasurer's organizations in the world. In Europe, the European Associations of Corporate Treasurers (www.eact-group.com) federates 17 national treasurers associations from 16 countries. The Certified Treasury Professional designation serves as the professional certification for treasury managers and corporate treasurers with over 20,000 CTP's worldwide.

In the Inns of Court[link]

In the Inns of Court, a professional association in England and Wales, the bencher or Master of the bench who heads the Inn for that year holds the title 'Master Treasurer'. This title is similarly used by other legal associations sharing a British heritage, such as the Law Society of Upper Canada.

In other organizations[link]

Many other organizations, particularly not-for-profit organizations such as charities, unions, and churches, appoint treasurers, who are responsible for conservation of the treasury and for generating income for the group, whether this be through pricing of a product, organizing sponsorship, or arranging fundraising events.

The treasurer would also be part of the group which would oversee how the money is spent, either directly dictating expenditure or authorising it as required. It is their responsibility to ensure that the organization has enough money to carry out their stated aims and objectives, and that they do not overspend, or under spend. They also report to the board meetings the financial status of the organization to ensure checks and balances. Accurate records and supporting documentation must be kept to a reasonable level of detail that provides a clear audit trail for all transactions.

See also[link]

• Auditor general
• Bursary
• Comptroller
• Chief financial officer
• Certified Treasury Professional

External links[link]

• O*NET-SOC 11-3031.01 ~ Treasurers and Controllers
• U.S. Department of Labor SOC 11-3031 ~ Financial Managers
• Treasurer articles
• Association of Public Treasurers of the United States and Canada (APTUSC)
• California Municipal Treasurers Association (CMTA)
• Oklahoma Municipal Treasurers' Association (OKMTA)
• Government Treasurers' Organization of Texas (GTOT)
• Virginia Treasurers' Association (TAV)
• Articles and research for treasurers from gtnews

The Honourable Joe Hockey BA, LLB, MP
Shadow Treasurer
Incumbent
Assumed office 16 February 2009
Leader	Malcolm Turnbull Tony Abbott
Preceded by	Julie Bishop
Manager of Opposition Business in the House of Representatives
In office 6 December 2007 – 16 February 2009
Leader	Brendan Nelson Malcolm Turnbull
Preceded by	Anthony Albanese
Succeeded by	Christopher Pyne
Shadow Minister for Finance, Competition Policy and Deregulation
In office 22 September 2008 – 16 February 2009
Leader	Malcolm Turnbull
Preceded by	Peter Dutton
Succeeded by	Helen Coonan
Shadow Minister for Health and Ageing
In office 6 December 2007 – 22 September 2008
Leader	Brendan Nelson Malcolm Turnbull
Preceded by	Nicola Roxon
Succeeded by	Peter Dutton
Minister for Employment and Workplace Relations
In office 30 January 2007 – 3 December 2007
Prime Minister	John Howard
Preceded by	Kevin Andrews
Succeeded by	Julia Gillard
Minister for Human Services
In office 26 October 2004 – 30 January 2007
Prime Minister	John Howard
Preceded by	Jocelyn Newman
Succeeded by	Ian Campbell
Member of the Australian Parliament for North Sydney
Incumbent
Assumed office March 1996
Preceded by	E C (Ted) Mack
Personal details
Born	(1965-08-02) 2 August 1965 (age 46) North Sydney, New South Wales
Political party	Liberal Party of Australia
Spouse(s)	Melissa Babbage[1]
Alma mater	St John's College, University of Sydney
Religion	Roman Catholic

Joseph Benedict "Joe" Hockey (born 2 August 1965), is an Australian politician and member of the Australian House of Representatives, representing the Division of North Sydney for the Liberal Party of Australia since 1996.

Hockey was a Minister in the Howard Government and is currently the Shadow Treasurer under Opposition Leader Tony Abbott in the Liberal/National Coalition.

Early life and career[link]

Hockey was born in North Sydney as the youngest of four children. His father, Richard Hockey was born in Bethlehem (then in the British Mandate of Palestine) and migrated to Australia in 1948. Hockey is of Armenian and Palestinian background and the family name was originally Hokeidonian.^[2][3] Hockey attended St Aloysius' College in Milson's Point and the University of Sydney, residing at St John's College, where he graduated with degrees in Arts and Law. While at university he was President of the Student Representative Council.^[4] He was a banking and finance lawyer, and Director of Policy to the Premier of New South Wales, before entering politics.

Political career[link]

Joe Hockey in a press conference on the ground at Telstra Dome, Melbourne.

Hockey was Minister for Financial Services and Regulation 1998–2001 and Minister for Small Business and Tourism 2001–04. With the return of the Howard Government in 2004, Hockey was appointed Minister for Human Services and was elevated to the Cabinet in January 2007, when appointed Minister for Employment and Workplace Relations.

Hockey regularly appeared on the Seven Network's morning program Sunrise in the 'Big Guns of Politics' section debating Opposition Leader, Kevin Rudd until the arrangement was mutually terminated on 16 April 2007, following controversy over plans to stage a pre-dawn Anzac Day service in Vietnam.^[5][6]

In December 2007, Joe Hockey was made Shadow Minister for Health and Ageing, and Manager of Opposition Business in the House. In September 2008 he became Shadow Minister for Finance, Competition Policy and Deregulation. Hockey became Shadow Treasurer in February 2009 when Julie Bishop stepped down from the portfolio.^[7]

Hockey's popularity among voters grew under the leadership of Malcolm Turnbull, and in October 2009 polls showed him as the preferred liberal leader. However Hockey announced that he had no intentions to challenge for the leadership.^[8]

On 9 November 2009, Hockey gave a speech, In Defence of God, at the Sydney Institute. "Australia has embraced religious diversity. It must always remain so, and as a Member of Parliament I am a custodian of that principle of tolerance. That is why it is disturbing to hear people rail against Muslims and Jews, or Pentecostals and Catholics. Australia must continue, without fear, to embrace diversity of faith provided that those gods are loving, compassionate and just."^[9][10]

On 1 December 2009, Hockey chose to include his candidacy in a party room ballot to determine the leadership of the Liberal Party of Australia. The ballot was between Hockey, Malcolm Turnbull and Tony Abbott. Hockey was eliminated in the first round of the ballot, with the eventuating winner being Tony Abbott. Following the change of leadership, Hockey remained Shadow Treasurer.

Hockey told ABC TV's Q&A audience on 7 March 2011 that corporate Australia had fallen behind in female boardroom representation, and if companies failed to meet a reasonable target within a period of time, then "more punitive measures" needed to be taken by parliament.^[11] He later said that, "quotas must be a last resort".^[12]

Personal life[link]

Hockey is married to investment banker Melissa Babbage and has three children, Xavier, Adelaide and Ignatius.^[13] Hockey has ventured the Kokoda Track^[14] and has climbed Mt Kilimanjaro to raise funds for medical equipment.^[15] In February 2010, Hockey appeared on the television program Talkin' 'Bout Your Generation where he was involved in a segment that required him to hold up a tutu and wave a magic wand^[16] which attracted criticism from Treasurer Wayne Swan.^[17] Hockey was the first Australian politician invited on to the show.^[18] He plays rugby union and is a loosehead prop.

References[link]

External links[link]

Wikimedia Commons has media related to: Joe Hockey

• Official website