whatmeworry
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- Jan 22, 2007
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They need to make public what conflicts of interests these auditors have.
The head of Tony Abbott's Commission of Audit, Tony Shepherd, is under pressure to reveal any conflicts of interest he might have in his dual roles as doyenne of big business and the architect of future government spending cuts.
Read more: Tony Shepherd urged to reveal interests
Mr Shepherd, who advocates for Australia's 100 biggest companies as head of the Business Council of Australia, quit as chairman of construction and services giant Transfield Services in October after more than a decade on the board.
Transfield, has secured hundreds of millions of dollars in federal government contracts in recent years, including reaping $180 million from operating detention facilities on Nauru.
Mr Shepherd left with more than 200,000 Transfield shares, allocated to his family superannuation fund, on top of his final salary of $380,000.
He now heads the WestConnex Delivery Authority which will award contracts to build the proposed Sydney toll road, co-funded by the Abbott government. He is also a director of the international arm of Virgin Australia.
Read more: Tony Shepherd urged to reveal interests