The Queensland Government has announced it has appointed Peter Costello as the head of the Independent Commission of Audit into the state’s finances.

 

The Independent Commission has been tasked with providing an interim report covering the Government’s current financial position by mid-June, with a complete final report finished by February next year.

 

Mr Costello AC will be joined by two other commissioners Dr Doug McTaggart and Professor Sandra Harding.

 

 

The Commission will have a broad terms of reference, covering Queensland’s current and forecast financial position; opportunities to improve Queensland’s finances, service delivery and infrastructure.

 

It will also be asked to look at ways in which the Government can improve Queensland’s economic performance.