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KPMG Australia

December 2024

National Mini Storage’s Ormiston branch.

Auckland self-storage giant hangs up for-sale sign via KPMG

Street Talk understands National Mini Storage’s earnings have stabilised between $25 million and $30 million.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

September 2024

Do you know this week’s news? Answer these 10 questions

Have you been paying attention this week? Test your knowledge across politics, business and world news.

  • Daniel Arbon

August 2024

Mighty Craft collapsed on July 22. Creditors are owed about $22.3 million.

Creditors owed $22m in Mighty Craft beer collapse

The beverages group, which owns 25 per cent of zero carb brand Better Beer, owes money to Pure Asset Management and KPMG, according to its creditor list.

  • Simon Evans
One consulting firm stands out in a completely unofficial ranking of which has more Australian Olympians at the Paris Games.

One consulting firm has more Olympians than the others

In the hyper-competitive world of big four consulting in Australia, one firm stands out in a completely unofficial ranking of which has more Olympic athletes at the Paris Games.

  • Euan Black

July 2024

KPMG defended its early retirement plan for partners for more than two years.

What went wrong with KPMG’s legal experiment

Finding top lawyers willing to tolerate relative anonymity and powerlessness in a distant corner of a mammoth multinational proved a challenge for the legal division.

  • Maxim Shanahan
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The consulting business KPMG listed two decades ago, under the name BearingPoint, went bankrupt in 2009.

KPMG pay growth slows in tough market

Pay rises for this financial year were minimal, with graduate salaries increasing by an average of just 1.5 per cent.

  • Maxim Shanahan

KPMG axes legal division, dozens of jobs to go

KPMG will undertake its second major restructure in a month, bringing a decisive end to its ill-fated legal experiment.

  • Maxim Shanahan
Education businesses have proved to be a happy hunting ground for private equity.

River Capital nabs Archer Capital’s education roll-up Aspire2

Andrew Larke, Orica’s former star dealmaker, will co-invest alongside the Melbourne-based investment firm and come on as Aspire2’s chairman.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

June 2024

KPMG says reducing immigration will restrict businesses hiring the best workers, and be a handbrake on productivity.

Why KPMG sees silver lining to 5pc jobless rate

The big four firm says there is no “productivity crisis” and recent lacklustre results can be explained by the workforce shake-up caused by the pandemic.

  • Ronald Mizen

KPMG to cut 200 jobs | Musk’s $72b payday | Trump promises tax cuts

Read everything that’s happened in the news so far today.

May 2024

Future Group founder and chief executive Simon Sheikh.

KPMG opens tender process for its Future Group-run super fund

The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
State governments should hand over to the federal government their powers to regulate partnerships of economic significance.

Let ASIC police big four conflicts: Samuel

Former ACCC chairman Graeme Samuel says the big four’s governance changes looked good on paper, but would not fundamentally change the culture of the firms.

  • Maxim Shanahan and Ronald Mizen

April 2024

Former Scyne Advisory partner Connie Heaney outside the NSW Supreme Court last month.

Scyne settles restraint case, as PwC tax partner jumps to KPMG

Connie Heaney will be free to continue at Downer EDI under the settlement, while a senior PwC tax partner has jumped ship to KPMG.

  • Updated
  • Maxim Shanahan

Consulting clients look elsewhere as trust in big four plummets

Smaller firms have an opportunity to build trust with clients and take work off the previously dominant big four, whose reputation is in tatters.

  • George Beaton

March 2024

Jon Adgemis is caught up in a number of disputes.

Spotlight on Adgemis as Bain Capital negotiations drag

Sources told Street Talk the deal is drawn out, but not dead, with the pubs baron dragging his feet on Bain’s requests.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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January 2024

Mike Baird’s ‘understanding of parliamentary processes’ will benefit the firm, KPMG’s chairman says.

Mike Baird to join KPMG board

The appointment increases the number of independent directors at the firm, as consultancies continue to face scrutiny over their governance models.

  • Maxim Shanahan
Professional services firms are adopting in-house generative AI tools to speed up tasks.

How consultants are using AI for emails, PowerPoint and other odd jobs

Partners at the big consulting firms believe the winners of the lucrative AI race will come from those businesses where staff embrace tools built in-house.

  • Tess Bennett

Spotlight on consultants after big four billing rates leaked

Finance Minister Katy Gallagher declined to reveal which of the 413 firms on the management advisory panel were leaked the highly confidential data of their rivals.

  • Ronald Mizen

December 2023

Finance Minister Katy Gallagher: “it’s going to get harder” to find savings.

Spending on consultants at 10-year low: Gallagher

Finance Minister Katy Gallagher says spending with the big four consulting firms along with Accenture and Scyne is down $240 million so far in 2023-24.

  • Ronald Mizen
Paul Rovere

Retail sector to bounce back in 2024 faster than expected

The sector will be helped by higher population growth and moderating interest rates, says KPMG partner James Stewart.

  • Carrie LaFrenz

Original URL: https://www.afr.com/topic/kpmg-australia-6g29