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AustraliaEconomy5 days ago

Exemptions the biggest feature of Canberra’s new business KPMG ban

Australia's government has imposed a three-month ban on KPMG bidding for new public sector contracts due to concerns over the firm's financial reporting practices. However, dozens of government agencies have been granted exemptions because they rely on KPMG's software for their financial reporting. The Finance Department reiterated the ban on Monday, stating that KPMG will not be eligible for new Commonwealth contracts until September 30.

The Big Four firm’s financial reporting models have slipped the noose as government agencies scramble to meet their EOFY obligations.

Jun 16, 2026

4 min read

KPMG cannot bid for government work until September (Image: SOPA/Thomas Fuller)

Dozens of Australian Public Service and Commonwealth statutory agencies have been exempted from a three-month sin-bin moratorium on new business publicly slapped on  besieged Big Four consulting firm KPMG  because their financial reporting platforms run on software licensed to the government by the firm.

The Finance Department issued a fresh warning to government on Monday that KPMG “will not bid for any new Commonwealth work” until September 30. It said “Commonwealth officials should not enter into any contracts with KPMG for any approaches to market” that close between June 16 and the end of September.

Read the full article at Crikey →
Source document: Finance Department statement

1 reports

CrikeyIndependentCenter5 days ago
Exemptions the biggest feature of Canberra’s new business KPMG ban

Australia's government has imposed a three-month ban on KPMG bidding for new public sector contracts due to concerns over the firm's financial reporting practices. However, dozens of government agencies have been granted exemptions because they rely on KPMG's software for their financial reporting. The Finance Department reiterated the ban on Monday, stating that KPMG will not be eligible for new Commonwealth contracts until September 30.

Bias read (Center): The article presents factual information without overtly favoring one side. It explains the government's decision to ban KPMG from bidding for new contracts while noting the exemptions granted to agencies dependent on KPMG's software. There is no evident bias in the language or framing of the report

Official sources cited

  • government Finance Department statement

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  • governmentFinance Department statement