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Addressing issues with the Public Sector Governance Model.pptx

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Addressing issues with
the Public Sector
Governance Model for
Australia
PAUL YOUNG CPA CGA
DATA AND AI THOUGHT LEADER
SEPTEMBER 22, 2023
Senor Data and AI Thought Leader
CPA/CGA with over 33 years of
experience
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – ESG and Sustainability Policy Development and
Reporting
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Agenda
• Australia Budget 2023-2024
• State andTerritory Fiscal Gap
• Local Government
• Challenges facing the public
sector
• GDP / Australia
• Bubble Burst?
• Australia Mining Sector
• Australia LNG
• Australia AG Sector
• Australia Manufacturing
Sector
• Business Investment
• Housing
• Inflation
• Infrastructure
• Employment
• ESG Adoption
Australia Budget
Source – Westpac
Australia State
and Territory
Fiscal GAP
Source – Westpac
Local
Government
Challenges facing the Public Sector in
Australia
GDP / Australia
Bubble Burst?
Australia Mining Sector
Australia LNG
Sector
Australia AG
Sector
Australia
Manufacturing
Sector
Business
Investment
Housing
Inflation
Infrastructure
Trade
Employment
ESG
Summary
• Australia like other countries is facing many challenges
• If you required additional information, then reach out to
Paul_Young_CPA@outlook.com
Blog – How to address issues with the Governance Model for Australia
Summary:
What are the key challenges facing Australian business leaders in 2023?
1. Talent acquisition, retention and re/upskilling staff to meet a more digitised future (77%)
2. Digital transformation and optimisation, and extracting organisational value from it
(46%)
3. Dealing with cyber risks (40%)
4. Dealing with evolving regulatory processes, reporting changes and impacts (35%)
5. The need for greater agility and flexibility in their organisation to meet opportunities and
challenges (35%)
What are the main social challenges impacting Australian business?
We asked business leaders what they felt were the most significant social challenges impacting
our future broader Australian business environment.
Here are the top three answers:
1. Health risks including COVID-19 (26%)
2. Social licence to operate/reputation (10%)
3. Emerging and disruptive technology (7%)
3–5 year predictions
What key challenges are Australian business leaders predicting in the next 3–5 years?
1. Talent acquisition, retention, and re/upskilling to meet a more digitised future (61%)
2. Dealing with cyber risks (43%).
3. Digital transformation and optimisation, and extracting organisational value from it
(43%)
4. Identifying and growing future market segments and/or innovation opportunities for
growth (40%)
5. Dealing with evolving regulatory processes, reporting changes and impacts (35%)
Source - https://kpmg.com/au/en/home/insights/2023/01/australian-business-leader-challenges-
2023.html
Additional sources and links

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Addressing issues with the Public Sector Governance Model.pptx

  • 1. Addressing issues with the Public Sector Governance Model for Australia PAUL YOUNG CPA CGA DATA AND AI THOUGHT LEADER SEPTEMBER 22, 2023
  • 2. Senor Data and AI Thought Leader CPA/CGA with over 33 years of experience • CPA, CGA • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – ESG and Sustainability Policy Development and Reporting • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@outlook.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/ SlideShare - https://www.slideshare.net/paulyoungcga
  • 3. Agenda • Australia Budget 2023-2024 • State andTerritory Fiscal Gap • Local Government • Challenges facing the public sector • GDP / Australia • Bubble Burst? • Australia Mining Sector • Australia LNG • Australia AG Sector • Australia Manufacturing Sector • Business Investment • Housing • Inflation • Infrastructure • Employment • ESG Adoption
  • 5. Australia State and Territory Fiscal GAP Source – Westpac
  • 7. Challenges facing the Public Sector in Australia
  • 18. Trade
  • 20. ESG
  • 21. Summary • Australia like other countries is facing many challenges • If you required additional information, then reach out to Paul_Young_CPA@outlook.com Blog – How to address issues with the Governance Model for Australia Summary: What are the key challenges facing Australian business leaders in 2023? 1. Talent acquisition, retention and re/upskilling staff to meet a more digitised future (77%) 2. Digital transformation and optimisation, and extracting organisational value from it (46%) 3. Dealing with cyber risks (40%) 4. Dealing with evolving regulatory processes, reporting changes and impacts (35%) 5. The need for greater agility and flexibility in their organisation to meet opportunities and challenges (35%) What are the main social challenges impacting Australian business? We asked business leaders what they felt were the most significant social challenges impacting our future broader Australian business environment. Here are the top three answers: 1. Health risks including COVID-19 (26%) 2. Social licence to operate/reputation (10%) 3. Emerging and disruptive technology (7%) 3–5 year predictions What key challenges are Australian business leaders predicting in the next 3–5 years? 1. Talent acquisition, retention, and re/upskilling to meet a more digitised future (61%) 2. Dealing with cyber risks (43%). 3. Digital transformation and optimisation, and extracting organisational value from it (43%) 4. Identifying and growing future market segments and/or innovation opportunities for growth (40%) 5. Dealing with evolving regulatory processes, reporting changes and impacts (35%) Source - https://kpmg.com/au/en/home/insights/2023/01/australian-business-leader-challenges- 2023.html Additional sources and links

Editor's Notes

  1. Source - https://www.mav.asn.au/news/wins-and-losses-for-local-communities-in-state-budget
  2. Source - https://kpmg.com/au/en/home/insights/2023/09/futureproof-customer-focused-local-government.html?pageAccordionID=0&nocache=true
  3. Source - https://www.fibre2fashion.com/news/textile-news/australia-s-economy-faces-prolonged-weakness-westpac-290265-newsdetails.htm
  4. Source - https://www.news.com.au/finance/economy/australian-economy/bank-savings-diminish-as-australians-heads-for-terrifying-moment/news-story/acca630c5f87ce90a9036d1394a7857f
  5. Source - https://themarketherald.com.au/minerals-council-of-australia-urges-government-support-for-critical-minerals-industry-2023-09-22/
  6. Source - https://www.accc.gov.au/media-release/gas-supply-outlook-for-first-quarter-2024-shows-likely-surplus
  7. Source - https://www.agriculture.gov.au/abares/products/weekly_update/weekly-update-21923
  8. Source - https://www.accountingtimes.com.au/economy/promising-outlook-for-australian-manufacturing-says-grant-thornton
  9. Source – https://ca.style.yahoo.com/australia-q2-business-investment-hits-021824171.html
  10. Source - https://www.bnnbloomberg.ca/economists-aren-t-buying-australia-s-ambitious-housing-plans-1.1974309
  11. Source - https://www.theguardian.com/business/2023/aug/30/rba-inflation-rate-australia-july-4-9-eased
  12. Source - https://infrastructuremagazine.com.au/2023/08/29/intergenerational-report-infrastructure-spending-to-keep-rising/
  13. Source - https://www.abs.gov.au/statistics/economy/international-trade/international-trade-goods-and-services-australia/latest-release
  14. Source - https://www.theguardian.com/australia-news/2023/aug/30/jobless-rate-increase-deloitte-access-economics-employment-forecasts-rba
  15. Source - https://thefintechtimes.com/government-must-capitalise-on-tidal-wave-of-green-capital-as-esg-considerations-grow-in-australia/