Since it was established in 1901, the Department of the Treasury has been responsible for managing Australia’s taxation, budget, monetary and financial policies plus researching, accessing and enhancing the country’s economy. Outside of its headquarters on King Edward Terrace is the Treasury Fountain. The two-piece bronze fountain and abstract sculpture were the work of former Melbourne artist Norma Redpath. They were erected in the northern forecourt in 1969 shortly before the third stage of the Treasury Building was completed.