House debates

Wednesday, 21 March 2012

Matters of Public Importance

Budget

3:34 pm

Photo of David BradburyDavid Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

The member for Chifley reminds me of a very important point, and it goes to the question of auditing. I should have made this point a little earlier. When those opposite went to the last election with an $11 billion black hole that was ultimately exposed, the member for North Sydney came forward and said, 'But all of our costings have been audited.' He used the 'A' word. He said they were all audited. But we saw subsequent to that that, in relation to the costings of the opposition and the so-called audit report which had been provided by accountants, those accountants ended up finding themselves being reprimanded for not having audited properly. In fact, they did not seek to audit those costings, even though the member for North Sydney said that they had been audited.

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