Results and learnings to date.

With implementation of the major changes well under way we are about half way through the Program. How are we tracking against the original intent?

Most client product and service commitments have been delivered on schedule with some, however, being several months late. Surveys and product uptake indicate we have been particularly successful with tax agents. Individual taxpayers’ uptake of enhanced products like e-tax has been very strong. Our biggest challenge remains with business and especially small business where satisfaction levels and uptake are increasing slowly, and from a low base.

As for internal systems and business process releases, we are still on track for the original plan to be completed by 2008. We have had some delays of around six months overall on the first and second of the three main releases, but the first was completed last year and the second is well progressed for completion during 2006. The fixed price means that there has been no material cost increase as a result of these delays. The evidence to date is that we can still achieve all of the expected outcomes by 2008, although we have often had to revisit the exact way we do this. Basing the contract on what we want to achieve rather than the detail of how we achieve it, is already paying dividends.

We have some additional learnings from the implementation phase so far: