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The cost to make a flat white, one of the most popular Australian coffee orders, jumped by nearly one-fifth. The result is smaller profits, a shrinking pool of regular customers and business owners heading for the exit. Before COVID-19, hospitality venues were about one-third of Australian small businesses advertised for sale. It paused in July but warned it may resume hiking if inflation, still running at 7%, fails to slow. "Some of my regulars I used to have will still come and get coffee and say, 'We had to bring lunch.

Persons: Jack Hanna, Hanna, Damian Krigstein, Peter Meredith, Guy Cooper, insolvencies, Patrick Coghlan, that's, David Cox, Cox, Byron Kaye, Lewis Jackson, Praveen Menon, Sonali Paul Organizations: Reuters, SBS Business, Link Business Sales Australasia, Australian Securities and Investments, Thomson Locations: SYDNEY, Europe, Sydney, Ukraine, Sydney's

Uber and Facebook on Friday said they had received advice from PwC Australia about the law. "We had no knowledge their advice may have been based on improperly obtained information," an Uber spokesperson said. Uber dropped PwC Australia as a tax adviser in 2016 after "engagements" with the Australian Tax Office, the spokesperson added. Uber and Facebook's links to PwC on the leaked tax plans were first reported by the Australian Financial Review on Friday. A PwC Australia spokesperson said the matter "was a PwC issue" and its "clients were not involved in any wrongdoing and no confidential information was used to enable clients to pay less tax."

Persons: Uber, PwC, PwC's, Lewis Jackson, Sonali Paul Organizations: SYDNEY, PwC, Facebook, Reuters, Google, Australian Tax Office, Treasury, Australian, Tax, Board, Public Company, Thomson Locations: PwC Australia, Australia

SYDNEY, July 6 (Reuters) - Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google (GOOGL.O) to the national scandal first exposed in January. A cache of 144-pages of PwC emails dating from 2014 to 2017 publicly released by the Tax Practioners Board in May detail how a former tax partner shared with colleagues confidential government tax plans, which they then used to drum up work with companies overseas. One of the released emails dated Jan. 6, 2016 mentioned a "north American project" that had 14 unnamed companies as clients. PwC Australia did not immediately respond to a request for comment. Reporting by Lewis Jackson; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Deborah O'Neill, O'Neill, Barbara Pocock, Pocock, PwC, Tom Seymour, Lewis Jackson, Sonali Paul Organizations: SYDNEY, Reuters, Google, Tax, Board, Labor, Greens, Senate, PwC Australia's, Thomson Locations: Australia

At the time, a number of organisations had called for the government to delay the planned January 2016 start date. The former partner did not tell Google the information was confidential, the source said. Reuters could not establish if Google was a client of PwC Australia at the time, and if it used the information in any way. What sources told Reuters matches information in the letter, which was publicly released with the name of the company that received the confidential information redacted. Tax officials told parliament in May they foiled several attempts by unnamed multinational firms to subvert the multinational anti-avoidance law in early 2016, months after confidential information had leaked.

Persons: PwC, Peter Collins, Collins, Tom Seymour, Lewis Jackson, Emelia Sithole, Sonali Paul Organizations: Google, Reuters, PwC Australia, PwC, Tax, Board, Thomson Locations: Australia, SYDNEY, PwC Australia

SYDNEY, July 4 (Reuters) - Australia's fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans. The decision by UniSuper, which manages A$115 billion ($77 billion), means five of Australia's largest pension funds, managing a total of some A$865 billion, have paused work with PwC, which says it is a "leading adviser" to the sector. UniSuper said it was concerned by recent events at PwC and the fund had suspended new contracts for the "immediate future". PwC, which was UniSuper's internal auditor according to the fund's 2022 annual report, declined to comment. ($1 = 1.4972 Australian dollars)Reporting by Lewis Jackson; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: UniSuper, Lewis Jackson, Alexander Smith Organizations: SYDNEY, PwC Australia, UniSuper, Reserve Bank of Australia, Thomson Locations: PwC

SYDNEY, July 3 (Reuters) - PwC Australia has fired eight partners including its former chief executive as part of an internal investigation into the leak of confidential government tax plans by a former partner, the firm said on Monday. The investigation found multiple examples where the "misuse of confidential information" breached professional standards and also identified "a failure of leadership and governance" to address the breaches, PwC said in a statement. Seymour and the other seven partners named by PwC did not immediately respond to requests for comment. Three of the partners were singled out for actions that "failed to meet their professional responsibilities". These behaviours are not, and never have been, acceptable under PwC’s standards," said the statement from PwC, one of the world's "big four" accounting firms.

Persons: PwC, Kristin Stubbins, Tom Seymour, Seymour, Lewis Jackson, Sonali Paul Organizations: SYDNEY, PwC, Thomson Locations: Australia, Stubbins

A surge in energy prices due to the war in Ukraine plus a buoyant U.S. dollar helped power exports beyond the previous record set a year earlier. Australia's commodities export earnings are set to tumble 15% to A$390 billion this financial year and then to A$344 billion the year after, according to a quarterly government publication. It expects thermal coal export earnings will slump 40% to A$38 billion this financial year while liquefied natural gas (LNG) exports will slide 27% to A$68 billion. Iron ore exports are set to decline 11% to A$110 billion this financial year and then fall to A$93 billion the year after, the report predicted. Exports of so-called energy transition metals like lithium and cobalt are forecast to remain over A$40 billion, it said without specifying a timeframe.

Persons: Lewis Jackson, Edwina Gibbs Organizations: SYDNEY, Thomson Locations: Russia, Ukraine, China, Australia

☆ Hotter, drier weather likely across Australia for winter and early spring
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, June 29 (Reuters) - Dry and warm weather is forecast across large chunks of Australia through the southern hemisphere winter and into spring, the Bureau of Meteorology said on Thursday. Hot and dry weather is associated with the El Nino weather pattern, which the bureau earlier this month said had a 70% chance of developing this year. Below median rainfall is also "likely to very likely" across parts of eastern and western Australia over the same period, the bureau said, adding there was a 60% to 80% chance. July is set to be an exception to the dry spell, with above median rainfall likely for much of the Northern Territory, Queensland and northern South Australia state. The forecast reflected a tropical Pacific Ocean warming beyond El Nino thresholds, record ocean temperatures globally and the potential development of a positive Indian Ocean Dipole, it said.

Persons: Lewis Jackson, Christina Fincher Organizations: SYDNEY, Meteorology, El, Thomson Locations: Australia, Northern Territory, Queensland, South Australia, El

☆ 10 Things in Tech: Digital nomad regrets, a longevity researcher’s morning routine, and sun activity
▼ + stars: | 2023-06-28 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

In case you missed it: This is the last week of 10 Things in Tech. The EV company only has six gigafactories across the world: Fremont, California; Sparks, Nevada; Berlin; Shanghai; Austin, Texas; and Buffalo, New York. Each location is outfitted with solar panels, and Musk claims 100 gigafactories could supply the world with all of its energy. My colleague Graham Rapier takes us into the world of Tesla's gigafactories and breaks down what their futures could look like. In a world of remote work, they're trying to pay people the least amount of money to get work done (think freelancers and contractors).

Persons: I'm, Siu, let's, Elon Musk, Graham Rapier, gigafactories, Tyler Le, Allbirds, M0.0nshot, Gigi Chow, Elon Musk's, Walter Isaacson, it's, David Sinclair, Lewis Joly, cardiologists, Eid Mubarak, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: it's, EV, Employers, Paris Air, Storm Shadow, Interactive Entertainment, Tencent Locations: Tech, Fremont , California, Sparks , Nevada, Berlin, Shanghai, Austin , Texas, Buffalo , New York, Silicon, San Francisco, Croatia, Dubrovnik, Harvard, Le Bourget, Paris, France, Ukraine, New York, Florida, Barcelona, Spain, San Diego, Silicon Valley, London

☆ New Zealand signs range of pacts with China
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: 1 min

[1/5] Chinese Premier Li Qiang and New Zealand Prime Minister Chris Hipkins shake hands during a signing ceremony at the Great Hall of the People in Beijing on June 28, 2023. JADE GAO/Pool via REUTERSSYDNEY, June 28 (Reuters) - New Zealand said on Wednesday it had signed a range of cooperative arrangements with China on trade, agriculture, forestry, education, and science and innovation. New Zealand Prime Minister Chris Hipkins and Chinese Premier Li Qiang also discussed the Indo-Pacific region, tensions in the South China Sea and Taiwan Strait, Wellington said in a statement. Reporting by Lewis Jackson in Sydney, editing by Alasdair PalOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Chris Hipkins, JADE, Lewis Jackson, Alasdair Pal Organizations: Zealand, of, People, JADE GAO, REUTERS, Thomson Locations: Beijing, REUTERS SYDNEY, New Zealand, China, South, Sea, Taiwan Strait, Wellington, Sydney

The Australian scandal is the latest in a number the "big four" professional services firm has faced around the globe. Auditor PwC said it was unable to comment on client issues due to confidentiality clauses. Its auditor PwC and affiliates agreed to pay $33 million in fines and compensation to settle U.S. litigation in 2011. India's market regulator barred PwC's local affiliate from auditing listed companies for two years in 2018, but that was overturned the following year. ($1 = 1.4984 Australian dollars)Reporting by Lewis Jackson; Editing by Praveen Menon and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Kristin Stubbins, PwC, Lewis Jackson, Praveen Menon, Sonali Paul Organizations: SYDNEY, PricewaterhouseCoopers, International, Wyelands Bank, Colonial Bank ., Satyam, Enron, PwC, Thomson Locations: Australia, Brazil, Britain, Alabama, Colonial Bank . India

SYDNEY, June 26 (Reuters) - PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face "severe" consequences, acting chief executive Kristin Stubbins told a state parliament inquiry on Monday. "We have failed the standards we set for ourselves as an organisation, and I apologise on behalf of our firm," Stubbins said. The firm has already placed nine partners on leave and named four former partners directly involved in the breach who have since left the firm. The move will cut PwC Australia off from the "vast majority" of public sector consulting work, although some external audit work for government clients may stay, said Stubbins. She will remain in the role until Kevin Burrowes, currently Global Clients & Industries lead based in Singapore, relocates to Australia for the job.

Persons: Kristin Stubbins, Stubbins, David Seymour, Kevin Burrowes, Lewis Jackson, Diane Craft, Sonali Paul Organizations: SYDNEY, PricewaterhouseCoopers Australia, Allegro Funds, Global, Industries, Thomson Locations: Australia, New South Wales, ringfence, PwC Australia, Singapore

☆ Squatting Russian diplomat leaves contested site after Australian court ruling
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, June 26 (Reuters) - A Russian diplomat squatting on land set aside for a future Russian embassy in Australia has left after a court ruled that Moscow had no claim to the site near the national parliament in Canberra. A Russian diplomat subsequently moved into a temporary building on the site and police were unable to arrest him because he had diplomatic immunity, local media reported. [1/2]A demountable shack is seen on the site of the former Russian embassy site in Canberra, Australia June 26, 2023. AAP Image/Mick Tsikas via REUTERSThe High Court on Monday rejected Moscow's appeal to hold onto the site and shortly afterwards the squatter left the site, SBS News reported. Relations between Moscow and Canberra have deteriorated sharply since Russia's invasion of Ukraine on Feb. 24, 2022.

Persons: Mick Tsikas, Anthony Albanese, Lewis Jackson, Gareth Jones Organizations: SYDNEY, SBS News, Russian Federation, Ukraine, Thomson Locations: Russian, Australia, Moscow, Canberra, Ukraine, Russia

SYDNEY, June 26 (Reuters) - Australian lawmakers will ask for more details about PwC staff involved in the leak of government tax plans when acting head Kristin Stubbins appears before a state parliament on Monday, her first public appearance since her predecessor stepped down over the scandal. But there were still many unanswered questions, inquiry chair and Greens party lawmaker Abigail Boyd said on Sunday. "(The sale) seems like a really good way to avoid scrutiny," she told Reuters on Sunday. "Look we've taken action, we've sold off the business, we've got a new person in, everything is fine. She will remain in the role until Kevin Burrowes, currently Global Clients & Industries lead based in Singapore, relocates to Australia for the job.

Persons: Kristin Stubbins, Stubbins, Abigail Boyd, we've, Boyd, David Seymour, Kevin Burrowes, Lewis Jackson, Diane Craft Organizations: SYDNEY, Global, Industries, Thomson Locations: New South Wales, NSW, Singapore, Australia

SYDNEY, June 25 (Reuters) - PwC Australia on Sunday entered an exclusivity agreement with private equity firm Allegro Funds to sell its government practice for A$1 as it brought in an executive from Singapore to lead its local firm through the fallout from a national scandal. Amid a growing backlash from key government clients, PwC said it had entered an exclusivity agreement to divest its federal and state government business to Allegro Funds for A$1 ($0.67) as first reported on Friday. A spokesperson for Allegro Funds declined to comment. NEW CHIEF EXECUTIVEGlobal PwC Chair Bob Moritz publicly apologised in a statement and said PwC Australia had failed to meet the firm's standards and values under past leadership. "PwC Australia has significant work to do and I am confident that the steps they are taking ... will result in a stronger firm," Moritz said.

Persons: PwC, Justin Carroll, Deborah O'Neill, Bob Moritz, Kevin Burrowes, Kristin Stubbins, Burrowes, Moritz, Lewis Jackson, Sam McKeith, Christopher Cushing, Tom Hogue Organizations: SYDNEY, Sunday, Funds, Allegro Funds, PwC, Labor, Global, & Industries, Thomson Locations: Australia, Singapore, Sydney

[1/2] U.S. President Joe Biden and India's Prime Minister Narendra Modi attend an official state dinner at the White House in Washington, U.S., June 22, 2023. Biden and Modi gathered with CEOs including Apple's (AAPL.O) Tim Cook, Google's (GOOGL.O) Sundar Pichai and Microsoft's (MSFT.O) Satya Nadella. Modi, who has appealed to global companies to "Make in India," will also address business leaders at the Kennedy Center for Performing Arts. Modi praised Gopalan for keeping India "close to her heart" despite the distance to her new home, and called Harris "really inspiring." On Friday evening, Modi will address members of the Indian diaspora, many of whom have turned out at events during the visit to enthusiastically fete him, at times chanting "Modi!

Persons: Joe Biden, Narendra Modi, Elizabeth Frantz WASHINGTON, Modi, Biden, Tim Cook, Sundar Pichai, Satya Nadella, Sam Altman, OpenAI, Sunita Williams, Anand Mahindra, Mukesh Ambani, Farwa Aamer, John Kirby, Kirby, India's, Kamala Harris, Antony Blinken, Harris, Shyamala Gopalan, Gopalan, Steve Holland, Simon Lewis, Jeff Mason, Trevor Hunnicutt, Don Durfee, Grant McCool Organizations: India's, White, REUTERS, Indian, U.S, NASA, Mahindra Group, Reliance Industries, Kennedy Center for Performing Arts, FedEx, MasterCard, Adobe, South China Seas, South, Asia Society Policy Institute, White House, Washington, State Department, Bharatiya Janata Party, BJP, Thomson Locations: Washington , U.S, Washington, China . U.S, India, United States, CHINA, Beijing, China, South, South Asia, New Delhi, Taiwan, Russia, Moscow, Ukraine, American

☆ Rich nations pledge to unlock hundreds of billions of dollars for climate fight
▼ + stars: | 2023-06-23 | by ( ) www.cnbc.com time to read: +2 min

World leaders and finance leaders attend the closing session of the New Global Financial Pact Summit, in Paris on June 23, 2023. The leaders, gathered at a summit in Paris to thrash out funding for the climate transition and post-COVID debt burdens of poor countries, said their plans would secure billions of dollars of matching investment from the private sector. An overdue pledge of $100 billion in climate finance for developing nations was also now in sight, they said. The announcements mark a scaling up of action from the development banks in the fight against climate change and set a direction for further change ahead of their annual meetings later in the year. However, some climate activists were critical of the results.

Persons: Lewis Joly, LEWIS JOLY, Janet Yellen, Harjeet Singh Organizations: New Global Financial, Getty Images, Bank, World Bank, International Monetary Fund, Reuters, U.S, IMF, Paris Summit, Climate Action Locations: Paris

[1/2] PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. PwC Australia made A$3 billion ($2.01 billion) in revenue last financial year. Allegro Funds describes itself as a restructuring specialist with over A$4 billion ($2.68 billion) under management. Acting PwC Australia chief executive Kristin Stubbins said last month the firm would "ringfence" its government consulting business and appoint a separate board to consider "strategic options for the business". In a sign the scandal is beginning to impact PwC's private sector work, four major pension funds managing roughly A$750 billion froze work with the firm this month.

Persons: Lewis Jackson SYDNEY, PwC, Kristin Stubbins, Lewis Jackson, Lincoln, Simon Cameron, Moore Organizations: REUTERS, PricewaterhouseCoopers Australia, Allegro, Reserve Bank of Australia, Australian Financial, Funds, PwC Australia, Thomson Locations: Barangaroo, Australia

☆ HIGHLIGHTS-What world leaders said at the Paris finance summit
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

PARIS, June 22 (Reuters) - Following are highlights of what world leaders said at a summit in Paris on Thursday to boost crisis financing for poor countries, reform post-war financial systems and free up funds to tackle climate change. ON REFORM"Even with the capital that the World Bank and the MDBs (multinational development banks) have, there is clearly potential ...to increase financing capacity," said U.S. Treasury Secretary Janet Yellen, whose country is the World Bank's biggest shareholder. U.S. Treasury Secretary Janet Yellen delivers her speech at the U.S embassy to France, ahead of the Global Climate Finance conference, in Paris, France June 22, 2023 World leaders, heads of international organizations and activists are gathering in Paris for a two-day summit aimed at seeking better responses to tackle poverty and climate change issues by reshaping the global financial system. ON FAILURE OF INTERNATIONAL FINANCIAL ARCHITECTURE"It is clear that the international financial architecture has failed in its mission to provide a global safety net for developing countries," said U.N. Secretary General Antonio Guterres. Reporting by Leigh Thomas, John Irish, Elizabeth Pineau, Silvia Aloisi; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Yellen, Lewis Joly, Emmanuel Macron, General Antonio Guterres, Leigh Thomas, John Irish, Elizabeth Pineau, Silvia Aloisi, Christina Fincher Organizations: World Bank, Treasury, U.S . Treasury, U.S, Global Climate Finance, Bank, Thomson Locations: Paris, U.S, France

THIS IMAGE MAY OFFEND OR DISTURB Swimmers wade into the chilly Derwent River, in Hobart, Australia, June 22 2023. A 2017 show by Austrian artist Hermann Nitsch featuring an animal carcass and rivers of blood outraged animal rights groups. In an Australian exclusive, famed Austrian choreographer Florentina Holzinger retold Dante’s “Divine Comedy” in a two-hour all-female performance of sex and blood. In one scene, 20 nude dancers wet with paint and human blood writhed slowly across a blank canvas, painting with their bodies. Founded on the fortune of professional gambler David Walsh, Australia's largest private museum is dedicated to themes of sex and death.

Persons: Helen Golding, Hermann Nitsch, Florentina Holzinger, Dante’s, Ryoji Ikeda, David Walsh, Lewis Jackson, Lincoln Organizations: REUTERS, Police, city’s Museum of, Thomson Locations: Hobart , Australia, Handout, REUTERS HOBART, Australia, Hobart, Tasmania, Sri Lanka, Sydney, Austrian, Australia's

SYDNEY, June 21 (Reuters) - The chair of an Australian senate committee looking into PricewaterhouseCoopers' leak of a confidential government tax plan has called for an international investigation into the matter. Earlier this month, PwC Australia listed in an unpublished letter to the senate committee at least 67 current and former staff who may have known of the 2015 leak of confidential government tax plans. Acting CEO Kristin Stubbins apologised for the leak on behalf of the firm in an open letter last month. The report also called on PwC to cooperate fully with a current Australian Federal Police investigation. ($1 = 1.4778 Australian dollars)Reporting by Lewis Jackson; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Richard Colbeck, PwC, Kristin Stubbins, Lewis Jackson, Edwina Gibbs Organizations: SYDNEY, PricewaterhouseCoopers, Australian Federal Police, Thomson Locations: Australia

☆ The Atlantic published a story describing killer whales as 'sadistic jerks.' The pro-orca internet was unamused.
▼ + stars: | 2023-06-18 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

An Atlantic article published Saturday described orcas as "sadistic jerks" in nature. This is after a string of boat attacks involving orca whales off the coast of Spain and Portugal. Orcas off the coast of Spain and Portugal, potentially inspired by a female whale named White Gladis, are sinking ships and destroying vessels. One person pointed out that they were called killer whales for a reason. After a recent spike in orca-boat incidents off the southern European coast over the past few months, orca attacks on boats are happening daily and may continue to ramp up.

Persons: —, White Gladis, orcas, they've, Jacob Stern, They're, Whales, Philip Lewis, Laura Bassett, Jezebel, Stern Organizations: Service, Twitter Locations: Spain, Portugal

☆ Australia's central bank owes underpaid workers over $770,000
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, June 14 (Reuters) - Australia's central bank will pay out just over A$1 million in back pay after an internal review found on Wednesday the bank had systematically underpaid more than a thousand current and former employees. A review into the Reserve Bank of Australia's (RBA) "more complex remuneration arrangements" identified 1,173 current and former staff owed roughly A$1.15 million ($777,975), according to a statement on Wednesday. Most of the money owed came from leave entitlements that should have been paid out when staff left the bank, the bank said. The bank should be setting an example for the broader sector on pay and was right to apologise, according to Julia Angrisano, national secretary of the Finance Sector Union. ($1 = 1.4782 Australian dollars)Reporting by Lewis Jackson; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Julia Angrisano, Philip Lowe, Lewis Jackson, Kim Coghill Organizations: SYDNEY, Reserve Bank of Australia's, Finance Sector Union, BHP, PricewaterhouseCoopers, Thomson Locations: Australia

SYDNEY, June 7 (Reuters) - HESTA, one of Australia's largest pension funds, on Wednesday froze work with PricewaterhouseCoopers (PwC) Australia, the latest fund to blacklist the firm amid a national scandal over its misuse of confidential government tax plans. The A$72 billion ($48 billion) fund is "very concerned" and will "restrict consideration of PwC for any new or additional service provision", according to a statement on Wednesday. The fund is audited by PwC. The move comes days after Australia's largest and second-largest pension funds froze work with the firm and raises the risk PwC may lose private sector clients just as a growing list of government agencies pause or review work with the firm. PwC on Monday named at least 67 current and former staff associated with the breach in an unpublished letter to lawmakers.

Persons: PwC, Lewis Jackson, Sonali Paul Organizations: SYDNEY, PricewaterhouseCoopers, PwC, Thomson Locations: Australia

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

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