A lot of Australians would be surprised to know that for nearly a decade one of Australia's most successful, although little known, aid companies and it's biggest casino operator were owned by the same company.
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- Coffey International, the Chatswood, Sydney-based "global professional services consultancy", took more than $300 million in contracts in 2009 alone (from AusAid records)
- Cardno ACIL secured at least $270 million, as did GRM, "a leading international development management company"
- Queensland companies GHD and JTA international, both reaped over $100 million.
- GRM international handles hundreds of millions of dollars worth of government contracts each year, yet according to its most recent financial statements, GRM International pty Ltd doesn't make a profit (it hasn't reported a single cent in over a decade) and hasn't had any employees since 2005.
- These accounts are surprising because according to government records, GRM secured more than a billion dollars worth of AusAID contracts between 2001 and 2010, as well as income from its agribusiness actuvities.
- The contracts are for "technical assistance" in the form of short-term contracts for expert advisers. This form of aid is more common in Australia than in other OECD countries and has been criticised by a recent review of Australian aid to PNG as often ineffective, wasteful and lacking in accountability.
- All these contracts are published on the 'federal government's tender data base' but details are often vague, such as over $350,000 over two years to "strengthen accountability" and another million for "governance and related activity"
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