Coalition demands parliamentary inquiry into PsiQuantum deal


James Riley
Editorial Director

The federal Opposition will on Monday press for a parliamentary inquiry into the government’s investment in US-based quantum computing startup PsiQuantum, claiming questions remain about whether proper probity processes were followed and if the company was given preferential treatment.

Newly-released documents obtained under freedom of information laws confirm that PsiQuantum representatives had met with government officials, including the Industry minister Ed Husic, months before the appointment of external probity advisers to the proposed investment.

Mr Fletcher, who is manager of Opposition business in the House and shadow minister for government services and the digital economy, will on Monday ask Parliament to establish a Select Committee on PsiQuantum Funding to investigate the processes that led to the federal government investing $470 million into the company.

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