The portfolio was first created in 1977 by
Malcolm Fraser's
Liberal Party of Australia government as Minister for Finance. It was subsequently renamed Minister for Finance and Administration by
John Howard's government in 1997, and as Minister for Finance and Deregulation by
Kevin Rudd's government in 2007, then returning to Minister for Finance under
Tony Abbott in 2013. It took on its current name under
Scott Morrison in 2018; the
Second Morrison Ministry removed Public Service from the portfolio in May 2019. The following individuals have been appointed as Minister for Finance or any precedent titles: : Morrison was appointed as Minister for Finance by the Governor-General on Morrison's advice in March 2020, with both Morrison and Cormann holding the position of Minister for Finance until October 2020, and then Morrison and Birmingham until May 2022. However, the
appointment of Morrison was not made public until August 2022. Notwithstanding Philip Lynch, John Howard and Wayne Swan who were Treasurers whilst serving as Finance Minister, two Finance Ministers who were from the House of Representatives, John Dawkins and Ralph Willis, then served as Treasurer. In addition John Fahey (served 1996-2001) had previously served as Treasurer of New South Wales when he was also Premier of that state and current minister Katy Gallagher had previously served as Treasurer of the Australian Capital Territory including when she was also the territory Chief Minister. ==Former ministerial portfolios==