Introduction

The Commonwealth Financial Accountability Review (CFAR) was announced by Minister for Finance and Deregulation on 8 December 2010.

The purpose of CFAR is to analyse the Commonwealth financial framework from first principles and consider options to ensure the framework supports high quality resource management.  

The release of the Discussion Paper Is Less More? Towards Better Commonwealth Performance is a crucial step in updating the financial management framework.

The Discussion Paper is designed to encourage broad debate and discussion. Feedback received will contribute to and inform the development of options for consideration by the government.

This is a great opportunity to address the needs of modern government, improve governance practices, risk management, accountability, and compliance as well as accommodate future changes.

We would appreciate your feedback. We are particularly interested in your insights and comments in relation to the Discussion Paper. Your input will contribute to the development of options for consideration by the government.

Comments on the Discussion Paper can be posted on the CFAR blog or emailed to cfar@finance.gov.au before 29 June 2012.