Turnbull government knew submarines would cost $80bn but told public ‘greater than $50bn’, audit finds

Defence investment plan fell short of providing accurate, reliable and transparent information' to the public, report reveals

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The former Coalition government knew the now-dumped submarine project would likely cost about $80bn when it told the public the price tag would be greater than $50bn", an audit report has found.

In a new report tabled in parliament on Tuesday, the Australian National Audit Office found the 2016 defence investment plan fell short of providing accurate, reliable and transparent information" to the public.

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