Partners from leading Australian law firms Ashurst and Allens are scheduled to appear before a federal parliamentary inquiry on June 19, 2026, to address allegations concerning KPMG’s misuse of confidential client data. This inquiry, led by the Parliamentary Joint Committee on Corporations and Financial Services, aims to scrutinize the conduct of KPMG and its handling of sensitive information.
Representing Ashurst, partners Lea Constantine and Jane Harvey will provide testimony, while Allens will be represented by partners Richard Spurio, Christopher Kerrigan, and Ross Drinnan. Their participation underscores the legal community’s commitment to addressing concerns about professional conduct and data integrity within the industry.
The inquiry was initiated following whistleblower allegations that KPMG improperly utilized confidential client information to secure audit contracts. Specifically, it is alleged that private board papers from Lendlease were used to enhance bids for audit tenders with Westpac and Dexus. Additionally, similar concerns have been raised regarding the handling of information from Macquarie Group and Westpac. These allegations were brought to public attention by Labor Senator Deborah O’Neill in March 2026.
In response to these allegations, KPMG has acknowledged shortcomings in its internal investigation processes and has issued an apology to the whistleblower. The firm has since engaged Allens to conduct an external review of the matter, reflecting a commitment to transparency and accountability.
The Australian Securities and Investments Commission (ASIC) has also taken action by launching a formal investigation into the conduct of KPMG partners. ASIC Chair Sarah Court confirmed that the regulator is examining the actions of specific individuals within the firm, including former Chief Operating Officer Eileen Hoggett and audit partner Paul Rogers. This investigation highlights the regulatory body’s dedication to upholding ethical standards within the financial services sector.
The upcoming parliamentary hearing will also feature testimonies from Lendlease executives, including Chief Executive Tony Lombardo and Chairman John Gillam, as well as current and former KPMG partners. Notably, former New South Wales Premier and Cricket Australia Chairman Mike Baird is among the high-profile witnesses scheduled to testify, indicating the broad impact and significance of the inquiry.
This inquiry follows a series of high-profile scandals within the professional services industry, including the PwC tax leaks scandal, which prompted calls for greater scrutiny and regulation of consulting firms. The current proceedings underscore the necessity for robust governance and ethical practices within the sector to maintain public trust and integrity.
As the inquiry progresses, the testimonies from Ashurst, Allens, and other key stakeholders will be pivotal in understanding the extent of the alleged misconduct and in shaping future regulatory frameworks to prevent similar incidents.