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As the custodians of some of the largest budgets in the country, the role of the public sector CFO has long been undervalued. The tightening of government revenues, rising levels of demand and increasing pressure on governments to “do more with less” are all leading to increased demands on the public sector CFO to deliver change. CPA Australia and Grant Thornton thought it critical in the current context of reform to voice the views of public sector CFOs across all levels of government in Australia and New Zealand, to hear their response to current and future challenges and the changing role of the public sector CFO.

Thee dramatic increase in the number of Australians turning 65 over the next 20 years is now an established demographic fact. Treasury projects a doubling of the seniors’ population by 2050, with an economically signicant reduction in the ratio of taxpayers to retirees.

Approximately 95% of sugar produced in Australia is grown in Queensland. Over 80% of this sugar is exported as bulk raw sugar, making Australia the world’s second largest raw sugar exporter.