KPMG making millions off contract extensions: new data
KPMG making millions off contract extensions: new data | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news KPMG making millions off contract extensions: new data 2026-06-18 KPMG is using a strategy of ‘land and expand’ to make millions off taxpayer money, new data shows.
Austender data compiled by the Parliamentary Library reveals that in this financial year, KPMG made $114 million from 149 contract amendments on top of their initial $73 million in head contracts. Which means, KPMG made more money from government contract amendments than from initial contracts it secured (as of 5 June 2026). The Greens say Labor’s “3 month ban” on new KPMG contracts won’t make an iota of difference when the Big 4 firm makes its sweet profits though contract amendments.
KPMG has been accused of multiple scandals and will be questioned by the Federal Parliament tomorrow over allegations it misused confidential client information to get more audit work and mistreated a whistleblower. Meanwhile, the Government continues to employ KPMG’s services - in the many millions. Lines attributable to Greens finance and public service spokesperson Senator Barbara Pocock: “Contract amendments are how KPMG makes its sweetest super-profits from government coffers.
“The fact that KPMG makes more money from contract amendments than actual contracts shows the scale of the problem we face with the Big 4. They are taking the piss! “Here we have the classic ‘land and expand’ strategy routinely employed by the Big 4 consulting firms.
They get a foot in the door with a minor contract that they leverage so they can expand their massive earnings. This is a lucrative strategy with wide 'back end' profit margins. “We know the Big 4 make their real money in contract extensions - who can forget the BoM’s website bungle.
The initial contract of $4.1 million blew out to $96 million - what a joke. “Past Senate inquiries have shown that land-and-expand tactics, profiteering and poor value for money are rife within the consulting sector. “The Big 4 consulting firms systematically pursue 'land-and-expand' strategies.
They lie to us - as KPMG did - about their systematic power mapping to find new clients and then put out the bait and work their relationships. This is how the Big 4 roll. It’s literally their business model to land and expand.
“It is high time for the Government to implement the recommendations of earlier inquiries: reform their structures and subject these massive partnerships to the same rules of tax, transparency and whistleblowing as other large entities through corporations law, separate the functions of consultancy from audit and regulate them properly. "Until they do, big firms like KPMG are working the system, mistreating anyone who blows the whistle on them and laughing all the way to massive profits as they hold the parliament in contempt." MEDIA CONTACT: Charlotta Lomas -0466 339 862 Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
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