2017 – Commitment Portfolio Delivery of milestones Next steps Overall status Fully implemented Provide a brief over view of milestones that have been Provide a brief overview of the next milestones to be On track delivered or are currently being progressed. delivered. Delayed or issues affecting delivery Risk of delivery failure 1.1 Improve Treasury On track A parliamentary inquiry into whistleblower The parliamentary inquiry is holding public whistle-blower protections in the corporate, public and hearings. It is due to report by 30 June 2017. protections in the sectors was established in November Treasury is considering the submissions to the tax and corporate 2016 (milestone 1). public consultation to inform sectors A consultation paper was released in December recommendations to Government on new tax 2016. It covered both tax whistleblowing whistleblowing protections and options to protections and options to strengthen and strengthen and harmonise corporate harmonise corporate whistleblower protections whistleblower protections with those in the with those in the public sector. Consultation public sector. closed on 10 February 2017 (milestone 2). 1.2 Beneficial Treasury A consultation paper was released in February Treasury is considering the submissions to the On track ownership public consultation to inform recommendations to seeking views on the details, scope and transparency Government on the details, scope and implementation of a beneficial ownership register implementation of a beneficial ownership register for companies. The consultation paper also for companies. considered the use of nominee shareholdings to conceal beneficial ownership. Consultation closed on 13 March 2017 (milestone 1). 1.3 Extractive Industry MSG to endorse final work plan and Australia’s On track Multi-Stakeholder Group (MSG) overseeing industries application to the International EITI Board for implementation was established on 23 transparency Candidate Country status, expected by mid-2017. November 2016. MSG is developing the detailed work plan that will underpin Australia’s EITI candidacy application.
– 2017 Commitment Portfolio Delivery of milestones Provide a brief over view of milestones that have been delivered or are currently being progressed. Next steps Provide a brief overview of the next milestones to be delivered. Overall status Fully implemented On track Delayed or issues affecting delivery Risk of delivery failure 1.1 Improve whistle-blower protections in the tax and corporate sectors Treasury A parliamentary inquiry into whistleblower protections in the corporate, public and sectors was established in November 2016 (milestone 1). A consultation paper was released in December 2016. It covered both tax whistleblowing protections and options to strengthen and harmonise corporate whistleblower protections with those in the public sector. Consultation closed on 10 February 2017 (milestone 2). The parliamentary inquiry is holding public hearings. It is due to report by 30 June 2017. Treasury is considering the submissions to the public consultation to inform recommendations to Government on new tax whistleblowing protections and options to strengthen and harmonise corporate whistleblower protections with those in the public sector. On track 1.2 Beneficial ownership transparency Treasury A consultation paper was released in February seeking views on the details, scope and implementation of a beneficial ownership register for companies. The consultation paper also considered the use of nominee shareholdings to conceal beneficial ownership. Consultation closed on 13 March 2017 (milestone 1). Treasury is considering the submissions to the public consultation to inform recommendations to Government on the details, scope and implementation of a beneficial ownership register for companies. On track 1.3 Extractive industries transparency Industry Multi-Stakeholder Group (MSG) overseeing implementation was established on 23 November 2016. MSG is developing the detailed work plan that will underpin Australia’s EITI candidacy application. MSG to endorse final work plan and Australia’s application to the International EITI Board for Candidate Country status, expected by mid-2017. On track
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