‘Obsessive secrecy’ a red flag for $1bn quantum deal


James Riley
Editorial Director

Shadow science minister Paul Fletcher says the “obsessive levels of secrecy” applied to Australia’s billion-dollar investment in California-based startup PsiQuantum raises suspicions that the process was reverse-engineered to a pre-determined outcome.

Mr Fletcher, who is also Manager of Opposition Business in the House, says he will use all “appropriate parliamentary channels” to determine how the investment decision was made.

He has demanded that government make public all departmental advice, together with the business case and all other materials that were relied on to make the surprise investment decision.

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