Audit office clears king-sized cost of PsiQuantum legal fees


The national auditor has cleared a multi-million dollar blowout on legal advice for the federal government’s investment in Californian quantum startup PsiQuantum, concluding that the key due diligence contract was within its bounds.

The Australian National Audit Office (ANAO) reviewed the contract with law firm King & Wood Mallesons (KWM) as part of its annual financial audit program after it was referred by the Opposition last year, but found no …

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