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The Latest Breaking News from Barbara Pocock

New rules crack down on high risk loans as Australian property market heats up

Regulator announces 20% cap on share of new lending banks can do on mortgages worth more than six times borrower’s income

The Guardian - AU

Property investors make up two in every five Australian home loans amid record borrowing

Investor home borrowing surges nearly 18% in the September quarter compared with previous three months, prompting calls to ‘urgently rein in overheated credit market’

The Guardian - AU

Cost of BoM’s website revamp revealed after deluge of public criticism

Public-facing site cost about $86m as part of almost decade-long IT overhaul known as Robust

The Guardian - AU

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Deloitte was caught using AI in $290,000 report to help the Australian government crack down on welfare after a researcher flagged hallucinations

The updates “in no way impact” the report’s findings and recommendations, the Big Four firm said.

Fortune

Deloitte to partially refund Australian government for report with apparent AI-generated errors

Deloitte Australia will partially refund the Australian government for a report filled with apparent AI-generated errors

The Independent UK

Millions of Australians eligible for 5% first home buyers scheme may be unable to afford repayments

Greens and experts argue policies that let first home buyers spend more than usual only creates more expensive housing – without lifting the proportion of homeowners

The Guardian - AU

Consultancy firms win nearly $1bn in Australian contracts in past year despite new outsourcing rules, research shows

Greens senator Barbara Pocock says figures do not match Labor government’s rhetoric about cutting back on use of consultants

The Guardian - AU

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Labor opens door to PwC after tax scandal

Restrictions on consulting firm PwC's ability to bid for government work have been lifted after a shocking tax scandal and allegations it misused information.

AAP

Labor decision to lift ban on PwC ‘an insult’ to inquiry that investigated Treasury scandal, Pocock says

Finance department rejects last minute plea from three senators urging it to maintain block on consultancy firm competing for new government work

The Guardian - AU

Albanese government to lift ban on working with PwC Australia as police investigation continues

Exclusive: Finance minister to consider feedback from senators before making decision final

The Guardian - AU

Grave concerns for Indigenous man’s wellbeing after ‘close to 800 days’ in solitary confinement at SA prison

Aboriginal elder alleges he has been prevented from visiting Robert Barnes because he raised the matter with the state’s First Nations voice

The Guardian - AU

Politics with Michelle Grattan: Barbara Pocock on the Greens’ policy priorities

The Greens have heaped a lot of pressure on the government during this term, from issues of the environment, housing, and Medicare, to the war in the Middle East.

The Conversation

The Greens Renew Calls For Four-Day Work Week: ‘Society Is Changing’

“It’s time for Australia to move its workplaces into the 21st century.”

Pedestrian.tv

McKinsey paid $1.6m to ‘guide’ Australian climate policy despite working for fossil fuel companies

Firm disclosed its private sector work, Guardian Australia is told, but it is not known which clients were listed

The Guardian - AU

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The Canberra Times

The $31 million dept contract being sent to the anti-corruption commission

Investigations into the bungled program have taken another turn.

The Guardian - AU

Big four consultancy firms should have partner numbers slashed by up to 600, Australian inquiry says

Banning political donations or restructuring firms to reduce conflict of interest are not part of recommendations

The Canberra Times

Who wants to work for Defence anyway? What you missed on estimates day three

Convictions, internal investigations and strange contracts were uncovered.

The Conversation

A year after the PwC scandal, the furore is gone – as well as any real appetite for structural change

It was a scandal that rocked the shaky foundations of Australia’s trust in big business early last year.

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AAP

Billions spent on consultants amid integrity concerns

Australia is spending billions on consulting services despite transparency issues and conflicts of interests, prompting calls to regulate the industry.

The Guardian - AU

PwC to face scrutiny over advice to clients that might allegedly ‘mislead or subvert’ foreign investment review board

ATO discloses concerns that date back to 2019 in response to questions from Greens senator Barbara Pocock

The Guardian - AU

Submissions, witnesses, questions … then nothing. Australian government cites ‘passage of time’ for silence on reports

Dozens of parliamentary reports dating back as far as 2008 have suddenly received the same sad 24-word response, saying their findings are from too long ago to justify more

AAP

Interim PwC boss 'disappointed' to leave mid-crisis

The former acting head of PwC says she'd wanted to lead the company after a tax leak scandal, but wasn't surprised an international recruit was brought in.

The Guardian - AU

‘Nearly a billion dollars’: BoM chief indicates cost of IT overhaul to staff after refusing to disclose to senators

Exclusive: January 2023 video shows Andrew Johnson detailing Robust project’s initial and ongoing costs, despite telling senators such details were bound by cabinet secrecy

The Guardian - AU

‘Incredible failure’: KPMG rejects claims it assessed ‘the wrong company’ before $423m payment to Paladin

Exclusive: Firm’s denial comes after weeks of intense criticism, including accusations that it misled parliament

The Guardian - AU

‘Deadly serious’: Australian regulators criticise PwC refusal to hand over report into tax leaks

Consultancy’s global executive says report suggests there’s no evidence confidential information was used for commercial gain

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