Stock Markets June 29, 2026 11:24 PM

Treasurer Flags Serious Concerns After Alleged Access to Prime Minister’s Bank Records

Allegations that two contractors accessed confidential account data prompt political unease and intensify scrutiny of major audit firms

By Jordan Park
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Australian Treasurer Jim Chalmers described reports that two Ernst & Young contractors allegedly accessed Prime Minister Anthony Albanese’s personal banking information as "incredibly concerning." The report, published by the Australian Financial Review, says EY dismissed the two temporary staff, who face criminal charges tied to the alleged access. The Australian Federal Police charged two Sydney men on May 6 in relation to restricted personal banking data belonging to a federal parliamentarian; both were granted bail to appear in court on Tuesday.

Treasurer Flags Serious Concerns After Alleged Access to Prime Minister’s Bank Records
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Key Points

  • Australian Treasurer Jim Chalmers called reports that two EY contractors allegedly accessed Prime Minister Anthony Albanese’s bank details "incredibly concerning." - Sectors impacted: Government, Banking, Professional Services.
  • Ernst & Young has reportedly dismissed the two temporary employees who face criminal charges; EY declined to comment and the prime minister’s office did not immediately respond. - Sectors impacted: Professional Services, Legal.
  • The Australian Federal Police charged two Sydney men on May 6 over alleged access to restricted personal banking data belonging to a federal parliamentarian; both were granted police bail to appear in a Sydney court. - Sectors impacted: Law Enforcement, Financial Services.

Australian Treasurer Jim Chalmers said he found recent reports that two temporary Ernst & Young employees allegedly accessed the personal bank details of Prime Minister Anthony Albanese to be deeply worrying. The disclosure, first reported by the Australian Financial Review, said EY had sacked two staff members who are now facing criminal charges related to the alleged access to Albanese’s banking information and that of at least one EY partner.

EY declined to comment on the AFR’s reporting, and the prime minister’s office did not immediately reply to a request for comment. A Commonwealth Bank of Australia spokesperson said it was not appropriate for the bank to comment on individual contractor matters.

Speaking to reporters, Treasurer Chalmers declined to discuss ongoing legal proceedings but stressed the seriousness of the allegations. He said he would not comment on the legal process itself, adding that on its face any such development was "incredibly concerning, not just in relation to the PM’s details but any Australians’ details."

The matter has emerged amid heightened scrutiny of major accounting firms. The AFR noted the revelation at a time when EY’s peer KPMG is dealing with its own audit leak controversy, and when the Big Four have seen a marked decline in new-business revenue from the Australian federal government, which the AFR said fell by almost half last year.

Law enforcement has already taken action. The Australian Federal Police said two Sydney men were charged on May 6 with allegedly accessing restricted personal banking data belonging to a federal parliamentarian. The two accused were described by authorities as aged 21 and 25. According to the AFP, the 21-year-old faces charges of unauthorised access to restricted data and publishing or distributing personal data. The 25-year-old faces a charge of unauthorised access to restricted data, with allegations he intended to cause the access and knew it was unauthorised.

"As the matter is before the court, no further comment will be made," an AFP spokesperson said by email.

Neither the AFP statement nor the court documents named the lawmaker involved. The two accused were granted police bail and ordered to appear in a Sydney court on the Tuesday referenced in the reporting.

The AFR’s reporting, citing unidentified sources, described the technical process that allegedly allowed access. It said the two contractors, while deployed to CBA, would have encountered a system warning requiring them to confirm they were authorised to view a customer’s confidential information; once they affirmed authorisation, the system purportedly granted access to the personal bank details.


The sequence of events — internal contractor access, subsequent dismissal by EY, criminal charges and public comment from senior government figures — has amplified questions about data controls within large professional services firms and the institutions that engage them. Authorities have signalled restraint in public comment while the matter proceeds through the courts.

Risks

  • Ongoing legal proceedings limit public disclosure and make outcomes uncertain; this could prolong reputational scrutiny for involved firms. - Affected sectors: Professional Services, Banking.
  • Allegations of improper access to sensitive customer data raise questions about data controls at large firms and banks, potentially increasing regulatory attention. - Affected sectors: Banking, Professional Services, Technology.
  • The incident adds to pressure on the Big Four accounting firms amid separate audit leak issues and a recent decline in government new-business revenue, which may affect future contracts and oversight. - Affected sectors: Professional Services, Public Sector Procurement.

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