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AAP

National

Sam McKeith

Child safety sector players buying gold, crypto

The cost of residential care for each at-risk child in Queensland's system is $500,000 annually. (Dave Hunt/AAP PHOTOS)

Residential care providers in a state child safety system are using profits to buy gold, cryptocurrency, luxury cars and pay out salaries of more than $600,000, an inquiry has been told.

The probe into Queensland's child safety system - the third of its kind since 2003 - is looking to overhaul what the Crisafulli government has described as a regime marked by neglect and disarray.

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