Senate Economics Legislation Committee (part 2 of 3)
3 June 2026
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Senate Economics Legislation Committee Australian Parliament
00:00 - 00:01
Chair Pocock.
00:01 - 00:02
Thank you, chair.
00:03 - 01:11
Speaker 71
As we we sit here, there's a very significant scandal unfolding out there in the community and in the financial press in relation to KPMG minister. You will no doubt be aware of some of the elements of it. There are allegations that the firm's partners have misused board papers from Lendlease and, pitched for and won external audits of Westpac and Dexus and used inside information to win work from Macquarie Group and Westpac. The whistleblower, who's been, reported in our senate alleged cover up of widespread AI exam cheating, and the whistleblower themselves has been targeted for the...
Their disclosures. We're now in the fourth internal iteration of reviews within KPMG about these allegations. These allegations have prompted KPMG's long time audit client, Lendlease, to put its contract out to tender next year. These are very, lucrative contracts. I understand that KPMG is this department's auditor.
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