On 16 February 2015, under Public Service Departmental Arrangements Notice (No. 1) 2015, Queensland Treasury and Trade was renamed Queensland Treasury.
On 12 December 2017, under Administrative Arrangements Order (No. 3) 2017, this department continued to operate under the same name. Responsibilities have changed over time, under various administrative arrangements.
As at 21 December 2017, under Administrative Arrangements Order (No. 4) 2017, the functions of Queensland Treasury are as follows:
Capital Works Monitoring
Government owned enterprises
Mineral and Petroleum Royalties
Public Sector Financial Policy
Queensland’s Response to Australian Government Policy on the Development of Northern Australia
State Taxation (Administration)
State Taxation (Policy)
Cities Transformation Taskforce (from the Department of Infrastructure, Local Government and Planning effective 21 December 2017)
In 1862, the Treasurer's responsibilities were gazetted as: Finance generally; custody, collection, and disbursement of all revenues; trade and commerce; taxation; issue and sale of debentures; postal arrangements and contracts; customs; distillation; issue of stamps; port and harbor regulations; navigation, including pilots; lighthouses; and lightships.
It was not until 1963 and subsequently 1968 that the Treasury Department lost those functions which were less specifically related to matters of the Government coffers. In 1963 the Queensland Housing Commission and the Government Printing Office were amalgamated with other departments as were the Harbours and Marines Department and the Marine Board in 1968.
Other agencies controlled by the Department over a long period included the Government Savings Bank, created in 1867 and taken over by the Commonwealth Bank of Australia on 30 September 1920, and the State Government Insurance Office, created in 1924 and in existence until 1986 when it became Suncorp.
Other functions carried out at various times by the Department included: Racing and Betting; Probate duty, Succession duty; Workers Compensation; Explosives; Law, liquor; Sugar mills; Pensions, imperial; Firms, registration of; Weights and Measures; Licences, auctioneers.
The Treasurer's responsibilities listed in the 1999 Government Directory included: art unions; casinos; economic performance and analysis; Golden Casket; government owned enterprises; government statistics; government superannuation; insurance; machine gaming; nominal defendant; public sector financial policy; Queensland Investment Corporation; Queensland Rural Adjustment Authority; Queensland Treasury Corporation; state actuary; state budget; state taxation.
From 13 September 2007 the Office of Racing was amalgamated with the Department, and from 21 Sep 2007 liquor licensing was added to its responsibilities. From 1 July 2008, the Office of Gaming, Liquor and Racing was created. From 26 March 2009 these functions were transferred to the new Department of Employment, Economic Development and Innovation.
On 3 April 2012 the Department gained Trade Queensland from the previous Department of Employment, Economic Development and Innovation.
On 16 February 2015, Trade Development/Trade Investment Queensland was transferred to the Department of Infrastructure, Local Government and Planning.
From 16 February 2015 to 12 December 2017 Queensland Treasury was responsible for the following functions (the majority of which were transferred to the Department of Education):
Anzac Day Trust
Building and Construction Industry (Portable Long Service Leave) Authority
Contract Cleaning Industry (Portable Long Service Leave) Authority
Employment policies and programs (transferred to Department of Employment, Small Business and Training)
Workplace health and safety
Agent-General for Queensland, London
Electrical Licensing Committee
Electrical Safety Board
Public sector industrial relations
Skilled and business migration (from 1 July 2013)
On 12 December 2017, responsibility for market-led proposals was transferred to the Department of State Development, Manufacturing, Infrastructure and Planning, the Office of Industrial Relations was transferred to the Department of Education and functions relating to employment policy and programs were transferred to the Department of Employment, Small Business and Training.