The building is the official location of the Office of the Premier of Victoria, currently headed by Jacinta Allan, and other integral government departments.

Prior to the planning and construction of 1 Treasury Place, the undeveloped landscape was a large paddock with a caretaker as its sole resident.

The land was selected to be used as a site for an architectural competition to design a series of government owned and operated buildings which resides within the Treasury .

[2] The Treasury Precinct holds significant historic value as for the past 150 years it has resided at the centre of the Victorian government administration in Melbourne.

Commonly known as the State public offices 1 Treasury Place is one of several buildings in the urban surroundings that was influenced by the internationalist style of architecture.

Using the same facade as 1 Treasury place these additional buildings were also designed by Yuncken Freeman Architects in response to the architectural competition.

[3] The state government offices are strictly modernist buildings that express "soaring wonderment" as per the guidelines of the competition that was held in 1962.

In 1962 the government conducted an architectural competition amongst twelve competing firms to design and submit plans for the existing site.