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Central Register

Australia is committed to exploring, via public consultation, options for a beneficial ownership register for companies.

Country: Australia

Status: complete

Themes: Beneficial ownership

Last updated: December 2020

Classification:

Concrete: Somewhat Concrete | New: New | Ambitious: Not Ambitious

  • 5 Evidence:

    Australia's Open Government Partnership national Action Plan

    Finance and Public Administration Legislation Committee 22/05/2018

    Submissions to the public consultation

    OGP Commitment ยป 1.2 - Beneficial ownership transparency

    Coalition abandons plan for register to help beat tax avoidance

  • 8 Notes:

    Complete as in that the Australian Government did explore the options for a beneficial ownership register for companies.

    There has been no progress on the beneficial ownership register. The Australian Treasury has examined the issue through a public consultation and their own research. There has been no decision from the Government to proceed with a register.

    Peer reviewer: 1

    Updated: October 31, 2020

    The Australian Treasury continues to postpone their adherence to the commitment made in 2016, and fails to publish Beneficial Ownership information.

    Updated: April 30, 2020

    There has been no progress on this, despite the OGP commitment made in December 2016. The most recent OGP Forum meeting in August 2018, confirmed that no update on progress, or issues under consideration by the government could be shared. Responsibility for this OGP commitment is with The Treasury.

    Updated: October 30, 2019

    The OGP Plan states that the 'implementation step' 'Begin work to implement Government decision on transparency of beneficial ownership of companies.' has been delayed.

    Peer reviewer: 1

    Updated: October 30, 2019

    No updates

    Updated: May 30, 2019

    No updates

    Updated: October 30, 2018

    Treasury has considered submissions to the public consultation but the Government is still considering what actions to take to increase the transparency of beneficial ownership. See Senator McAllister and Mr Sterland's exchange on 22/05/2018.

    Updated: June 30, 2018

Australia's Commitments
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