The business is an ISO (International Organization for Standardization) service provider that will specialise in advisory services related to compliance with ISO standards and training for compliance officers in large businesses.
It will be led by Peter Chandler who has more than 30 years of experience in the food safety industry.
Peter Buchholz, PwC assurance partner, said it can support Australian food and agribusinesses in monitoring and maintaining compliance.
“The complementary skills of training and certification enable PwC to meet the demand for ISO Services and our projections are that training and certification will be significant part of our Australian and regional business within two years,” he said.
“We’re encouraged by the fact that more and more clients are seeking a service provider who not only knows their business but can help assure them about the quality expected from Australian food products into our largest markets in Asia.”
PwC recently acquired an Australian ISO Training Organisation, the Auditor Training Centre, which continues to be led by Carrie Jones and Andrew Barham.
Meanwhile, the advisory team will be led by Greg Quinn, Ben Craw and Tim Lee who will help Australian farmers, investors and agribusiness clients.
Troy Porter, PwC deals leader said the food and agribusiness sector is a key future driver of economic growth for Australia.
“The sector’s growth potential is enormous. By 2050 it has been estimated that Australia has an opportunity to capture an additional $0.7tn to $1.7tn in agricultural exports,” he said.
“Our new dedicated partners bring more than 45 years combined experience and significantly boost our knowledge and advisory capabilities. They will work alongside the 400 plus staff we have who already work with food and agribusinesses clients as part of their portfolios.”
The specialist advisory service includes financial and commercial advisory, accounting and audit and tax and legal advice.