Brisbane company worth just $8 when awarded $385m Nauru offshore processing contract
by Ben Doherty and Ben Butler from on (#5SBBW)
Since 2017 the contract - now worth $1.6bn - has been amended seven times without competitive tender
A Brisbane construction company had $8 in assets and had not commenced trading, when it was awarded a government contract - ultimately worth $1.6bn - to run Australia's offshore processing on Nauru.
The contract was awarded after the government ordered a financial strength assessment" that was actually done on a different company.
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