Minister of State for Finance
|Minister of State for Finance|
|Style||The Right Honourable|
|Term length||At His Majesty's pleasure|
|Inaugural holder||Edward Irwin|
|Formation||18 February 1836|
The Minister of State for Finance is a cabinet portfolio responsible for the Ministry of Finance. The post is one of the five original ministerial portfolios established in 1836, when it went under the title of Lord Treasurer of the Realm. The current Finance Minister is Democrat Paul Richardson MHA.
References and notes
- The Ministry of Finance was established by way of an Order-in-Council at a meeting of Executive Council held on 18 February 1836
- The salary of the Minister of State for Finance is derived from his position as a member of Parliament and as a holder of a ministerial office. As of the opening of the 56th Parliament, all Senators and MHAs receive a salary of £1,170, plus a £47 per sitting day (not including a per diem amount for expenses). In addition, the Minister of State for Finance receives an additional salary of £918.