The Industry department has commissioned an independent review of the investment process that led to a $940 million deal with California-based PsiQuantum to build the world’s first fault tolerant quantum computer in Brisbane.
Audit and risk advisory firm McGrathNicol is undertaking the review at the federal level, with the findings to be used for an internal report on lesson learnt, internal documents reveal.
The documents – handed to the Senate under an order for disclosure late last month – raise fresh questions about a deal that emerged from an unsolicited proposal from PsiQuantum in November 2022.
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