He said there were some errors by police which had since been covered in the court action since the murders.
"We don't accept Justice Binnie's opinion that the investigation by the Dunedin police contained egregious errors, or that there was a failure to investigate the possibility of innocence."
The report and a "peer review" by retired High Court judge Robert Fisher, QC, were released yesterday by Justice Minister Judith Collins.
Also released was correspondence, interviews with witnesses and evidence collected during Justice Binnie's nine-month inquiry.
The information released revealed Ms Collins had given police a copy of Justice Binnie's report months ago, received a "memorandum" of rebuttal and then passed those comments to Dr Fisher. There is no information showing whether Mr Bain, his lawyers or supporter Joe Karam were given any information early.
Last night, Ms Collins' office said police needed the chance to respond to the "significant criticisms" contained in the report. A spokeswoman said "police provided comments on Mr Binnie's findings of 'serious misconduct' and his criticism of individuals without right of reply. Police comments were provided to Mr Fisher".
A September 2012 letter from Ms Collins to Dr Fisher said the police analysis of the report was among factors in having a peer review carried out. Dr Fisher's criticism of the Binnie Report focused on the question of innocence. On the issue of police wrongdoings, he offered little to undermine the Canadian judge's finding. However, he said compensation should not be used for that purpose. "The historical purpose of the ex gratia payment is to compensate the innocent, not to root out official misconduct."