#privitising — Public Fediverse posts

So let's get this straight: KPMG — right in the middle of a scandal for stealing confidential client info to rig audit bids — was put in charge of the RBA's whistleblower hotline. Yes, really. Let that land. Now, predictably, the RBA is finally ditching them and retendering the contract. But this isn't just one firm getting caught — it's the whole Big Four grift, baked into the system. As long as corporate power polices itself, nothing changes.

And I'm old enough to remember when the media worked itself into a frenzy over council workers standing around with their hands in their pockets. "Grifters!" they cried. "Waste!" "We need to privatise!" — that was the war cry. Meanwhile, the real grift just puts on a consultant's suit, bills by the hour, and never has to stand in front of a camera and answer for it.

#auspol #kpmg #bigfour #corporategovernance #audit #outsourcing #privitising

https://www.abc.net.au/news/2026-06-05/rba-likely-to-cut-ties-with-kpmg/106761504

So let's get this straight: KPMG — right in the middle of a scandal for stealing confidential client info to rig audit bids — was put in charge of the RBA's whistleblower hotline. Yes, really. Let that land. Now, predictably, the RBA is finally ditching them and retendering the contract. But this isn't just one firm getting caught — it's the whole Big Four grift, baked into the system. As long as corporate power polices itself, nothing changes.

And I'm old enough to remember when the media worked itself into a frenzy over council workers standing around with their hands in their pockets. "Grifters!" they cried. "Waste!" "We need to privatise!" — that was the war cry. Meanwhile, the real grift just puts on a consultant's suit, bills by the hour, and never has to stand in front of a camera and answer for it.

#auspol #kpmg #bigfour #corporategovernance #audit #outsourcing #privitising

https://www.abc.net.au/news/2026-06-05/rba-likely-to-cut-ties-with-kpmg/106761504