The Auditor-General has rebuked the Department of Home Affairs for handing little-known security company, Paladin, a $532 million refugee services contract on Manus Island, saying taxpayers did not receive "value for money".
The audit into Australia's offshore-processing regime, released on Thursday, found the department's own chief financial officer had raised concerns about the Paladin contract being "high risk".
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Lisa Murray is Enterprise Journalism Editor and host of The Fin podcast. Connect with Lisa on Twitter. Email Lisa at lmurray@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
