New South Wales Treasury

So the Australian Information Commissioner, you know, I rec- I believe recently reported about one third of all data breaches are because of human error.

Um, so the potential risks for the Australian government are, you know, are they putting in data incorrectly? You know, are they putting in the wrong formulas? And we saw that recently with the New South Wales Treasury where they accidentally miscalculated about $6 billion worth of GST payments.

Is that floating in there? You know, is that kind of thing in there? Um, the National Auditor's office came out and chastised the Department of Health because they were deleting entries, which meant there was no longer an audit trail.

So can we audit the changes that are happening to this budget over time? So before we even look at the cybersecurity risks, it's the, the risks around errors, miscalculations, and even, you know, data being sent out the door.

If we're predicting that some markets are gonna fall, large markets like Sydney, right? Large markets like Sydney are gonna fall 10 to 15%, and, and, and the amount of sales are gonna half, what's that gonna do to that $32 billion a year? I think it's pretty fair.

I mean, there's been enough back of envelope calculations done that I think the, um, New South Wales Treasury alone is looking at a $2 billion loss, right? And that's one single state.

Mm.

Yeah.

And even the Australian Bureau of Statistics warns against using impact multipliers.

And New South Wales Treasury also says they're only a guide, but not a driver of a policy.

As one economist once said, if a figure looks wrong, it must be wrong.

To come back to resilience, I think we're entering a new phase that we're certainly in Australia and Europe.

they started doing huge damage.

So this goes to the nearly $4 billion New South Wales Treasury gets from pokies.

Mm.

They...