DHA subject of AFP investigation
Defence Housing Australia (DHA) which has promoted itself heavily seeking investment via financial advisers and self-managed superannuation funds (SMSFs) is currently the subject of an investigation by the Australian Federal Police (AFP).
The AFP investigation has been instigated following a referral from the Department of Finance which together with the Department of Defence is the major shareholder in DHA.
Neither the AFP nor the Department of Finance has revealed the nature of the investigation.
A parliamentary inquiry is currently underway into the operations DHA, including senior management arrangements and board composition.
The inquiry is also investigating future land sales and the implication for residents if existing housing stock is sold.
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