It has taken almost 15 years for an Australian government to again proceed with major financial reform. Earlier this year, the then minister for finance when introducing new legislation implementing the reforms under one Act (the Public Governance, Performance and Accountability Act 2013) noted that the system was 'not broken' but that it 'creaks at times'. That Act represents about one half of the proposed reforms but is central to their success. One of the more interesting aspects of the...[Show more]
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