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
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
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