Measuring What Matters (MWM) is a national wellbeing framework intended to track Australia’s progress that extends beyond purely economic measures. This audit provides assurance regarding the effectiveness of the design and implementation of MWM by the Department of the Treasury (Treasury). 

The audit made two recommendations to Treasury to improve: monitoring and evaluation of how MWM is being embedded across government; and arrangements for delivering and publishing the next MWM statement. Treasury agreed to the two recommendations.

Key findings

• The design and implementation of the MWM framework was largely effective.
• While Treasury had provided sound policy advice and considered practical implementation, it did not have arrangements in place to assess if MWM was meeting its policy objective.
• The design of the MWM framework was largely effective.
• The arrangements to support implementation were largely effective.