SYDNEY, June 2 (Reuters) - Australia's largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the "big four" firm reels from a national scandal over its use of confidential government tax plans to drum up work with global clients.
The roughly A$290 billion ($196.71 billion) fund, AustralianSuper, has frozen new contracts with PwC and expressed concerns about the scandal "at the highest level", according to a spokesperson.
An audit contract worth A$1.6 million in 2022, will be reviewed this year, the spokesperson added.
The Reserve Bank of Australia on Wednesday froze future work while Treasury and the Australian Prudential Regulatory Authority have hinted that the firm is blacklisted.
The A$150 billion AwareSuper said the fund was working with PwC to determine whether tax advisers who had worked with the fund were implicated in the leak.
Persons:
PwC, Lewis Jackson, Gerry Doyle
Organizations:
SYDNEY, PricewaterhouseCoopers, Reserve Bank of Australia, Wednesday, Treasury, Australian Prudential Regulatory Authority, Thomson
Locations:
Australia