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Chief Finance Officer

Mr Phillip Prior

CFO: Phillip Prior

Phillip graduated from the University of New England with a Bachelor of Applied Economics.

After spending a short time in Sydney working with an international accounting firm, Phillip decided that he wanted to do something different and took an opportunity to work with Indigenous Australians in remote regions of the Northern Territory. He worked with two indigenous communities in a financial and managerial support capacity as those communities transitioned from religious missions to self management townships.

After five years of working with indigenous people which Phillip describes as exhilarating, challenging but extremely rewarding he returned to the profession and re-joined an international accounting firm. He remained in the profession up until 1998 having worked for three of the big four accounting firms during that time. He regards the highlights of that time to include working with the South Australian Police Commissioner on reform of the SA Police Department, working on major Australian energy transactions, reviewing rail infrastructure and serving on the Adelaide Arts Festival Board.

In 1998 Phillip joined the Commonwealth Department of Finance where he worked on a range of policy and procedural matters. He considers the highlights of that time to include implementing the first accrual budget across the Commonwealth, being responsible for preparing the Commonwealths consolidated financial statements and budgets, managing the Commonwealth's domestic estate, leading the reform of the Commonwealths budget and estimates practises and processes and leading the design and implementation of the Commonwealth's budget and reporting software systems. He also served on Commonwealth Government Boards.

Phillip joined the Department of Defence in 2006 as the Chief Finance Officer and has been busy ever since. He sits on the senior Committees of Defence and has technical responsibility for the finance domain within the Defence Organisation.

Phillip holds a Master of Business Administration and is a fellow of the Institute of Chartered Accountants.

Financial Services Division

Branches: Skilling, Financial Services, and Finance Business Information.

The Financial Services Division delivers a range of Financial Services encompassing: managing accounting business systems including Defence’s general ledger system ROMAN; undertaking treasury and tax management functions; developing financial management and accounting policies; coordinating monthly financial data and preparing the annual financial statements; analysing, maintaining, updating and distributing the Chief Executive’s Instructions and delegations; supporting Ministers in their role as shareholders of DHA and other Defence Portfolio bodies, and manages its suite of activities to promote a Professional finance workforce.

Resource and Assurance Division

Branches: Financial Coordination Branch and Resource Assurance and Analysis Branch

The Resource and Assurance Division provides a whole-of-Defence focus to the planning, management, monitoring and reporting of Defence’s budget. It plays a key role in ensuring that resources and management information are available to support Defence decision making. FASRA is also responsible for cost assuring the resource aspects of Ministerial Submissions and Cabinet Submissions and undertaking strategic business analysis for OSCDF.