Since its inception in July 2023, the National Anti-Corruption Commission (NACC) has spent over $140 million of taxpayer money. Yet, despite having more powers and more staff than its predecessor, the results so far are underwhelming: just one conviction, two simple investigations, and ten historical cases carried over from the Australian Commission for Law Enforcement Integrity. That’s a staggering cost for such limited outcomes.
I acknowledge that corruption investigations are complex and take time—but Australians deserve transparency and accountability, especially when such vast sums are being spent. The fact that the Commissioner won’t front up to answer questions only raises more concerns. Taxpayers have a right to know how their money is being used, and I’ll keep asking the hard questions until we get the answers.
— Senate Estimates | October 2025
Transcript
Senator ROBERTS: Since being established in July 2023, the NACC has spent north of $140 million of taxpayer funds. Correct me if I’m wrong, but with more powers and more staff this time, the NACC has concluded one prosecution, 10 historical investigations from the Australian Commission for Law Enforcement Integrity, two NACC initiated simple investigations, with one conviction—is that correct?
Mr Reed: At the moment—
Senator ROBERTS: One hundred and forty million.
Mr Reed: the commission has 38 corruption investigations underway, and 12 of those are joint investigations. We’ve got 33 preliminary investigations, which are part of the assessment process. We finalised 10 investigations, nine when it became clear that corrupt conduct would not be found and one where a corruption finding was made in a report provided to the minister, which is one of the matters that I put in my opening address. We’ve assessed 5,103 referrals. That’s 84 per cent of the 6,055 that have come in. So the NACC is a very busy organisation. The investigations of corrupt conduct are complex. They take time, and any organisation like this will take more than two years, usually, to complete investigations. What I said in my opening address was that, as the commission enters this next phase—this third year of operations—complex investigations will reach completion, and the commission’s operational achievements will gradually become more visible. That’s the reality of a new organisation picking up a significant workload, picking up a workload from a predecessor organisation and having to complete that work at the same time as dealing with the referrals that have come through. It’s not a straightforward, simple exercise, Senator.
Senator ROBERTS: I didn’t say that.
Mr Reed: These are complex matters.
Senator ROBERTS: But $140 million in two years, plus a commissioner who won’t front and be held accountable to taxpayers, raises many questions.
Mr Reed: The annual appropriations are on the record. They were agreed to as part of the forward estimates before the NACC commenced. We’re still recruiting people into roles. The fact that the commissioner is not here is not a lack of accountability; it’s the accountable authority that you’ve got sitting in this chair, and it’s the accountable authority who is expected to be at estimates. I don’t see that there’s anything wrong with the commissioner not being here.
Senator ROBERTS: Thank you
There is a very extensive list of so called Govt Agencies allegedly designed to protect us that are merely there for show. Ombudsmans, International investors OFT, the list goes on and on. Maybe you should compile a list.