Treasurer Jim Chalmers has hinted embattled consultancy large PwC Australia may miss out on future profitable authorities contracts due to the tax contracts scandal.
“Part of the changes that (Finance Minister) Katy Gallagher and her finance department have been talking about is making sure we take character and past behaviour into consideration when we make new contracts,” he stated in response as to whether Treasury would work with PwC once more.
“I think you can read into that what you will,” he advised 7.30 on Wednesday.
The scandal blew up when it was revealed PwC’s then tax companion Peter John Collins had shared confidential authorities details about modifications to tax legal guidelines with different companions, employees and shoppers that will be affected by them.
Treasury has referred PwC to the Australian Federal Police for a legal investigation, whereas PwC has launched an inner investigation led by revered business chief Ziggy Switkowski.
The fallout has been widespread with PwC’s former Australian chief govt, Tom Seymour, resigning and 9 companions – together with members of PwC’s govt and governance boards – ordered on depart.
Dr Chalmers stated the federal government had responded to the scandal “in a decisive and methodical way”, together with introducing laws to wash up the Tax Practitioners Board, and the federal government would think about doing extra.
“Ever since I heard about it I have been ropable about it, as have most people who have thought about it,”
“We can’t have a repeat of this absolutely appalling episode where people were monetising government secrets, when governments in good faith were trying to consult with corporate Australia.”
Home Affairs boss Mike Pezzullo advised senate estimates earlier this week that he had misplaced confidence in PwC however would give the corporate an opportunity to show itself beneath its new management.
Source: www.perthnow.com.au
