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On 10 February 2026, the Secretary to the Treasury commissioned an independent review of the Australian Office of Financial Management (AOFM). The review followed a request from the CEO of the AOFM.
Dr Guy Debelle led the review which looked at the AOFM’s operations, capability, and organisational effectiveness. Treasury thanks Dr Debelle for leading the review.
The Review confirmed that the AOFM is performing its core functions effectively, and that Australia’s sovereign debt management program is highly regarded by market participants, meets the Commonwealth’s financing needs, and is administered in a cost-effective way.
Treasury and the AOFM will work through the Review’s findings together to ensure the AOFM remains well placed to deliver its mandate in a changing fiscal and market environment.