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Barnaby’s Boondoggle: documents reveal $80m price for ‘Watergate’ licences was nearly twice valuation

The Coalition paid the tax haven-linked Eastern Australia Agriculture nearly double what independent valuers recommended for water licences. Most of the record $80 million from the sale ended up with a Cayman Islands company established by Energy Minister Angus Taylor. Investigative journalist Kerry Brewster has this exclusive report.

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Andy Keough

Andy Keough

A former commander of two Collins Class submarines, Andy Keough, has made an influential transition from uniform into corporate life. After 22 years in the Royal Australian Navy, Keough took up a business development role in submarines for global arms giant Thales, next moving on to Australian Submarine Corporation (ASC). In 2015 Keough joined the SA Government’s powerful DefenceSA as Chief Executive before being headhunted in 2017 as MD for Saab Technologies. Internationally, Saab ranks 30th in SIPRI’s Top 100 Arms-Producing and Military Services Companies. Keough’s influence extends onto important boards, including the South Australian education board, the SA Training and Skills Commission, and a defence-related board with Adelaide University, among others.

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