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

PwC Australia has argued the firm’s culture, internal processes and governance have been significantly overhauled since the damaging scandal. Photograph: Reuters

The finance department has found consultancy firm PwC Australia is an ethically sound company and recommended the end of a long-term ban on it working with the government, despite an ongoing police investigation into the company.

But the firm, which sold its entire government consulting business for just $1 at the height of a scandal over the misuse of confidential Treasury information, will not be able to tender for government work until at least 2028 due to a non-compete clause with its spin-off, Scyne Advisory.