Australian Office of Financial Management
The AOFM's key responsibilities involve managing the Australian Government's debt portfolio through the issuance of Commonwealth Government Securities (CGS), managing the Australian Government's overall cash balance in the Official Public Account (OPA), and any investment in financial assets arising from these activities or as a result of any specific policy mandate from the Australian Government. This requires close working relations with the Department of the Treasury, Department of Finance and the Reserve Bank of Australia (RBA). It also requires that the AOFM maintain credible professional relationships with the banking sector (which act as intermediaries in the CGS market) and with domestic and international investors in CGS.
Type of Body
A. Non Corporate Commonwealth Entity
GFS Sector Classification
Established By / Under
PGPA Rule (Schedule 1)
Annual Report Prepared and tabled?
GFS Function / Sector Reported
PS Act Body
Yes - Operate with some Independence
1 July 1999