Skip to content Skip to main navigation

Business

Canberra Video Production and Green Screen Studio

Liberals calling for ACTEW audit

By Barcham - 10 April 2013 6

Jeremy Hanson thinks things have been a bit fishy over at ACTEW for a while, and would like to know what is going on. To that end, he plans on asking the Assembly to ask the Auditor-General to conduct a performance audit of ACTEW.

“I share many of the concerns people in the community have expressed to me about ACTEW over the past few months and I am very concerned by the ongoing confusion and public bickering between the Chief Minister and ACTEW management,” Mr Hanson said.

“I also question whether the Chief Minister and Deputy Chief Minister have been fulfilling all of their responsibilities on behalf of ACT taxpayers as shareholders in ACTEW.

“It is time for the Auditor-General to conduct an independent audit of ACTEW and examine all these issues, in particular the enlarged Cotter Dam which now costs hundreds of millions more than budgeted, executive remuneration, corporate expenditure, the process and justification for the return of water and sewerage assets, concerns raised in the recent ICRC draft report, internal control procedures and checks and balances within ACTEW, how ACTEW protects its interests as a joint venture partner in ActewAGL, and shareholders responsibilities and compliance requirements.

“Community concern has reached a point where an independent examination of ACTEW by the Auditor-General is necessary to restore public trust in both ACTEW and the Government’s handling of recent issues,” Mr Hanson concluded.

What’s Your opinion?


Post a comment
Please login to post your comments, or connect with
6 Responses to
Liberals calling for ACTEW audit
chewy14 2:04 pm 10 Apr 13

johnboy said :

An accounts audit signoff is a vastly lesser beast to a performance audit.

I know that, but that’s not what Neanderthalsis was saying.
Going through the “books” is completely different to what the Libs are proposing in scope and goes far beyond what Sullivan may or may not be getting paid.

johnboy 1:59 pm 10 Apr 13

An accounts audit signoff is a vastly lesser beast to a performance audit.

chewy14 1:57 pm 10 Apr 13

neanderthalsis said :

chewy14 said :

neanderthalsis said :

Considering that ACTEW does not actually know what it pays its senior folk, having someone independent go through the books might be an enlightening experience.

What, you mean like the independent financial audit they have to go through every year?

An independent audit of a government owned monopoly by an audit body appointed by said monopoly is of course the most transparent way to report the true state of affairs.

I thought their financials were audited by the Auditor General as it says in their yearly report?

Although if you’ve got evidence that the Auditor general or the company have been breaking the law or misrepresenting things then I’m sure the Canberra Times would like to hear about it.

I mean you wouldn’t be completely talking out of your arse right?

neanderthalsis 1:31 pm 10 Apr 13

chewy14 said :

neanderthalsis said :

Considering that ACTEW does not actually know what it pays its senior folk, having someone independent go through the books might be an enlightening experience.

What, you mean like the independent financial audit they have to go through every year?

An independent audit of a government owned monopoly by an audit body appointed by said monopoly is of course the most transparent way to report the true state of affairs.

chewy14 11:28 am 10 Apr 13

neanderthalsis said :

Considering that ACTEW does not actually know what it pays its senior folk, having someone independent go through the books might be an enlightening experience.

What, you mean like the independent financial audit they have to go through every year?

neanderthalsis 10:14 am 10 Apr 13

Considering that ACTEW does not actually know what it pays its senior folk, having someone independent go through the books might be an enlightening experience.

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2017 Riot ACT Holdings Pty Ltd. All rights reserved.
www.the-riotact.com | www.b2bmagazine.com.au | www.thisiscanberra.com

Search across the site