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The Latest Breaking News from PwC

Afternoon Update: RBA governor suggests more share houses; inflation rises; and vapour blasts from a Saturn moon

Underlying inflation and price pressures easing, shrinking the likelihood of another RBA rate hike on Tuesday

The Guardian - AU

PwC’s $1 million review failed to question robodebt legality

A federal government department will consider whether it should seek a $1 million refund from PwC after it did not deliver a 2017 report on its robodebt audit.

The New Daily

Defence reveals seven new PwC contracts worth $6m after tax scandal broke

Crikey can reveal the Defence Department entered into the following contracts with PwC after January 23 when the PwC tax scandal broke.

Crikey

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Why didn’t the tax office refer the PwC partner to the police?

There is a strata of penalties the Tax Practitioners Board can impose, ranging from additional training to outright termination.

Crikey

Philip Lowe ‘appalled’ by PwC scandal but says firm will continue to audit Reserve Bank

At an estimates hearing on Wednesday, RBA governor also repeats the bank’s commitment to raising interest rates to reduce inflation

The Guardian - AU

‘Destroys trust’: Philip Lowe reveals RBA hired embattled PwC over staff underpayment scandal

Reserve Bank boss Philip Lowe has confirmed the central bank has underpaid staff, revealing embattled consultancy PwC was hired to help.

The New Daily

PwC tax leak scandal: Greens senator accuses police of conducting ‘inadequate desktop assessment’

Barbara Pocock’s remarks in Senate estimates come as Australian Taxation Office and AFP blame each other for inaction in 2019

The Guardian - AU

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Environment department has PwC contracts: Plibersek

Environment Minister Tanya Plibersek has asked for contracts her department has with PwC to be placed under "strict controls".

The New Daily

Michael Pascoe: Waiting for other PwC shoes to drop all over Canberra

To mix my metaphors, there is a footlocker of shoes yet to drop from the PricewaterhouseCoopers scandal – and not on PwC.

The New Daily

Modern-Day Video: It’s a Numbers Game (Schley)

Consumers are embracing more services than ever. But everything has limits

Multichannel News

‘I don’t know’: Finance Minister’s honest admission about PwC tax scandal

The government cannot directly say if it can stop doing business with PwC, a firm whose ex-CEO allegedly leaked Australian tax secrets.

The New Daily

Leicester ranked best in region in Demos/PwC city survey

Mayor says city’s position reflects inward investment in areas such as Space Park and Waterside, and focus on jobs and skills

Birmingham Post

Lack of detail stopped Australian Federal Police initially investigating PwC breach

The Australian Taxation Office raised concerns about a confidentiality breach at PwC to Australian Federal Police in March 2018, but a lack of detail meant no investigation was launched.

ABC News

Treasury referred PwC to AFP after ‘clearly disturbing’ emails revealed, Senate hears

Senator Barbara Pocock has requested PwC release the names of partners understood to be involved, saying she is ‘confident they will reach the public’

The Guardian - AU

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The New Daily

Treasury not worried about existing PwC contracts

The head of Treasury says there is "no cause for concern" over government contracts with disgraced firm PwC, despite calls for a ban.

ABC News

'Clearly disturbing': Treasury referred PwC to police after emails exposed by Senate

Treasury boss Steven Kennedy says he was able to refer PwC to police for investigation thanks to a push by senators to expose the depth of the firm's tax leak scandal.

The New Daily

Treasury boss coy on future direction of PwC action

The head of Treasury has told a Senate estimates hearing he cannot comment in detail on action being taken against PwC because it may impact on a police probe.

The New Daily

Treasury officials set to be questioned on PwC scandal

Senior Treasury officials are set to be grilled on the PwC tax advice scandal when Senate estimates hearings resume.

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ABC News

Crown fined $450m for money laundering breaches, ASX flat as building approvals slump to 11-year low

April's building approvals data shows 11,594 homes were approved for construction last month — down 24.1 per cent on the previous year. Meanwhile Treasury officials fronted Senate Estimates to answer questions about PwC.

Newsroom.co.nz

Ruapehu skiers to decide fate of mountain

The value assigned to each life pass holder means they are kingmakers in upcoming vote.

The Independent UK

PwC Australia sidelines 9 directors as leak of tax information investigated

The Australian branch of the PricewaterhouseCoopers consultancy network has ordered nine partners to go on leave while an inquiry examines the leaking of confidential Australian tax avoidance policy changes to corporate clients who could benefit from the information

The Guardian - AU

Afternoon Update: ‘exhausted’ Mark McGowan resigns as WA premier; David Koch leaving Sunrise; and China’s achilles heel

Western Australian politician to end nearly three-decade career, including six years as the state’s leader

Al Jazeera

PwC Australia stands down staff amid tax plans leak scandal

Accounting firm pledges to do ‘everything it takes’ to regain trust after leaking government information to clients.

The Guardian - AU

PwC failing to name all 53 partners in tax leak scandal would amount to ‘coverup’, Labor senator says

Deborah O’Neill made the warning after the consulting firm claimed to have ‘ringfenced’ its government work

ABC News

PwC orders nine partners to go on leave amid tax scandal fallout

Under-fire accounting and consultancy firm PwC directs nine of its partners to take leave pending the outcome of an internal investigation into the leaking of confidential Australian government tax information.

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