Feb 11, 2026 – 5.00am
On October 22 last year, on the third floor of the Treasury building in Canberra, a purge was under way.
At the Australian Office of Financial Management – a hidden corner of government that most people never hear about but one that is responsible for managing Australia’s almost $1 trillion of debt – a couple of rooms had been set aside. Two recently hired senior executives were delivering the bad news.
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