Published: December 20, 2018
Ernst & Young report previously withheld from the public says $3.2bn water fund poses serious risks
The commonwealth faces “unique fraud risks” arising from its management of the $3.2bn portfolio of environmental water in the Murray-Darling Basin, an internal audit has found.
The audit, written by Ernst & Young, and previously withheld from the public, found the Commonwealth Environmental Water Holder (CEWH) and the near $3.2bn worth of water it controls, was at risk of being defrauded by state agencies, individual officers within those agencies and private landholders.
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