Joint Committee of Public Accounts and Audit — hearing of 7 November 2025: transcript & video · Polyfact

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Joint Committee of Public Accounts and Audit

6 November 2025

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Contents updated on 22 Oct 2026

The chair sets out procedural rules for the hearing, then Defense presents its positive assessment of the 2023–24 Major Projects Report and outlines post‑2022 governance reforms including strengthened projects of concern arrangements and new assurance mechanisms.

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Opening, procedures and Defense overview

10:22

Opening, introductions and procedural warnings

10:22

Defense opening statement — 2023–24 Major Projects Report

11:57

Governance reforms and projects of concern framework

19:19

Offshore Patrol Vessels — cost, delays and capability impact

25:32

Offshore Patrol Vessels — reduction to six and sunk costs

25:32

OPVs — delays, technical issues, gun change and reporting gaps

31:05

Transparency, security justifications and parliamentary oversight of the NPR

37:05

Security environment and rise in ‘not for publication’ data

37:05

Resourcing, clearances and value of the NPR under secrecy

42:08

Potential role of new parliamentary defense committee

50:00

AI, secrecy, FOC declarations and slippage metrics

53:45

ANAO perspective and international comparators on project reporting

01:02:54

Funding sufficiency, schedule control and capability development reforms

01:06:19

Consultants, funding sufficiency, contingency and slippage controls

01:06:19

Minimum viable capability and program rationalisation

01:18:43

Project case studies — Land 200, foreign exchange and CMATS shortfall

01:26:21

Battlefield Command System (Land 200) — stop payments and scope reduction

01:26:21

Exchange rate management, budgeting stages and NPR qualification

01:35:55

Foreign exchange vs inflation uplift and CMATS budget shortfall

01:47:37

Australian Industry Capability, audit findings and hearing close

02:00:43

Australian Industry Capability plans, policy and ANAO audit

02:00:43

Closing reflections, alternative reporting and wrap‑up

02:08:07

Joint Committee of Public Accounts and Audit

6 November 2025

Joint Committee of Public Accounts and Audit Fri, 7 Nov 2025 Australian Parliament

10:22 - 10:25

Speaker 53

With my right, and I believe we've got some people online as well, but we'll start with my right.

10:26 - 10:32

Speaker 17

Yes. Chris Steebold, deputy secretary of capability acquisition and sustainment group. Steven Groves.

10:32 - 10:34

I'm the acting associate secretary.

10:35 - 10:43

Speaker 1

David Hanley. I'm the, dep sec for naval shipbuilding and sustainment group. Welcome. Sue Druden.

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