Annual Economic Outlook Breakfast 2016

IPAA SA in conjunction with the Australian Institute of Company Directors is pleased to present the 2016 Annual Economic Outlook Breakfast with the Hon Tom Koutsantonis MP, Treasurer of South Australia.

The Hon Tom Koutsantonis will deliver an in depth discussion on the budget and its implications for South Australia’s future. Kim Cheater, Markets Managing Partner, PwC, will lead the Treasurer and two SA business leaders; Dr Roger Sexton AM FAICD, Executive Chairman Beston Pacific Asset Management P/L, President of the SA/NT Division AICD and Andy Keough, Chief Executive Officer, Defence SA on the rationale, implications and outcomes of the State Budget. This will be followed by a Q&A session that will provide the audience with the opportunity to ask questions. The MC for the event will be Ms Erma Ranieri FAICD, Commissioner for Public Sector Employment.

Details of the event:


Thursday, 21 July 2016


William Magarey Room, Adelaide Oval, War Memorial Dr North Adelaide SA 5006


7:00 am (registration) 7:30 am - 9:00 am

This event is proudly supported by:


Tom Koutsantonis MP
Minister for Finance
Minister for State Development
Minister for Mineral Resources and Energy

Tom Koutsantonis holds the seat of West Torrens in the House of Assembly and was first elected to the South Australian Parliament on 11 October 1997.

Born on 23 August 1971, Tom has lived in the western suburbs his entire life.

He attended Netley Primary School, Adelaide High School, and went on to study at the University of Adelaide, paying his way by driving a taxi. He then had to leave University before completing his degree to help run the family small business due to an illness in the family. He was later employed as an Industrial Officer for the Shop Distributive Allied Employees Association.

Tom enjoys cooking, gardening and watching both football codes. In particular, the Power - he is very much a one eyed Port Adelaide Football Club and Liverpool supporter.

He is very active in the local community as proud Member and Patriot of organisations and associations such as the St. George Orthodox Church, the Messinian Association, Joint Patron Henley and Grange Swimming Club Patron, Fulham Falcon Cricket Club, Underdale High School Council, and the Thebarton Senior College Council.

Tom's greatest love is his family - his wife Anthea and daughters Tia & Helena.


Mr Kim Cheater, Markets Managing Partner, PwC

Kim Cheater is the Adelaide Managing Partner and Risk Assurance lead in South Australia. With over 30 years’ experience in the local market, Kim is highly respected across business and government for the ideas and insights he is able to bring to Boards, Executive Management and decision makers across sectors. When organisations are experiencing significant change, disruption or embarking on major strategic projects, Kim’s balanced and pragmatic perspectives have been able to deliver considerable value.

Kim has worked with many of the state’s leading organisations and government agencies to continuously improve internal systems and processes, manage risks, and achieve business and social outcomes. Kim’s knowledge is not limited by industry, having worked across government and the private sector in a range of sectors including: education, financial services, utilities, infrastructure, mining and resources, and community services.

During his time at PwC, Kim has led the Risk, Internal Audit and IT Consulting businesses along with the firm’s Government Sector and Financial Services practice areas. In July 2016 Kim was appointed as the Adelaide Market’s Managing Partner and to PwC’s 2020 Leadership Team.

Throughout his career, Kim has been committed to recognising the cultural value and contributions made by the First Peoples of Australia. Kim is the Chair of the Accounting and Finance Aboriginal Employment Industry Cluster which has delivered significant employment outcomes in South Australia for Aboriginal people and leads PwC’s national Reconciliation Team. Kim’s commitment in this area was recognised in April 2016 when Kim was made an Ambassador to the Aboriginal Employment Industry Cluster Program by the Governor of South Australia.


Andy Keough CSC, Chief Executive Officer, Defence SA

Andy joined the RAN Naval College in 1985 and graduated from the Australian Defence Force Academy in 1987 with a BSc. After qualification in the surface fleet, Andy transferred to submarines in 1989 and later commanded two Collins class submarines, HMAS WALLER (1999-2000) and HMAS SHEEAN (2004-05).

In between commands, Andy served on the staff of Commander US Submarine Force Pacific (COMSUBPAC), in Pearl Harbor, Hawaii where he developed tactics and provided training for the US Navy Submarine Fleet.

In 2006, Andy joined the staff of Fleet Headquarters as the Fleet Submarine Operations Officer, responsible to the Fleet Commander for the operations of the submarine force. Andy retired from the RAN in 2007 and, after a brief stint with Thales, joined ASC. From 2009 to 2015, Andy was responsible for establishing the business improvement capability (Lean Six Sigma) within ASC, before assuming responsibility ASC’s operations in WA, which included submarine maintenance and training.

On 31 August 2015, Andy commenced his current role as Chief Executive, Defence SA.

Andy has an MBA and was awarded the Conspicuous Service Cross (CSC) in 2006 for his leadership whilst in command of HMAS SHEEAN.


Dr Roger Sexton AM FAICD- Executive Chairman Beston Pacific Asset Management P/L, President of the SA/NT Division AICD

Dr Roger Sexton is an economist and investment banker.

He is the founder of Beston Pacific Asset Management Pty Ltd and associated companies including the Beston Parks Accommodation Trust (the largest owner and operator of caravan parks in Australia) and Beston Wine Industry Trust.

Roger is a graduate in Economics and Commerce with Doctorate and Masters Degrees from North Carolina University in the USA and an Honours Degree (First Class) in Economics from the Flinders University of South Australia. He was awarded the Bank of Adelaide Prize in Economics in 1970 and the AAES Outstanding Doctoral Program Award in 1976. After graduating in 1976, Roger spent ten years in various senior management positions with the Commonwealth and State Governments.

Roger has held positions on the Boards of a number of public and private companies and organisations in Australia and overseas.

Roger is a Fellow of the Australian Institute of Company Directors (AICD) and is also the President of the AICD’s SA & NT Division, a Fellow of the Australian Institute of Management and a Senior Fellow of the Financial Securities Institute of Australia.



Erma Ranieri, Commissioner for Public Sector Employment, Office for the Public Sector

Appointed on 1 July 2014, Commissioner for Public Sector Employment Erma Ranieri works passionately to ensure the public sector is a trusted, respected, courageous and honest organisation.

The Commissioner holds a statutory role under the Public Sector Act 2009. The Act outlines principles and guidelines to improve and uphold public sector performance – it is the Commissioner’s role to bring these to life across government.

Erma is working towards creating a world-leading public sector that serves South Australians well, does what it says it will do, and to which every public servant is proud to belong.

Erma has worked for more than 30 years to help organisations optimise productivity and employee wellbeing. She was named 2014 Telstra Business Woman of the Year and SA Winner of the Telstra Community and Government Award for her role in leading transformational change throughout the public sector.

Erma currently oversees the Office for the Public Sector. The Office is responsible for a number of sector-wide reform programs, including Change@SouthAustralia.

Erma will continue to challenge cultural and structural barriers within the public sector to raise productivity and foster excellence. She is leading a cultural shift and creating a public sector that is more collaborative, innovative, and connected to the community.