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Information collection, sharing, availability

Australia has tracing powers for beneficial ownership of listed companies and investment schemes and is committed to ensuring that adequate, accurate and timely information on beneficial ownership and control is available to competent authorities.

Country: Australia

Status: no data

Themes: Beneficial ownership

Last updated: December 2020

Classification:

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

  • 2 Evidence:

    Australian Securities & Investments Commission Review

    Australia Security and Investment Authority - RG 86 Tracing beneficial ownership

  • 6 Notes:

    The Australian Securities and Investments Commission already has the power to trace beneficial ownership for competent authorities, so there is the assumption that ASIC is making use of their existing power. However, there seems to be no public reporting on how frequently they make use of the power, so the commitment is inevitably being marked as having No Data.

    Peer reviewer: 1

    Updated: October 31, 2020

    No updates to make, as some commitments have stalled while the Australian Government focuses on the aftermath of bushfires, floods and drought as well as the looming threat of COVID-19.

    Updated: April 30, 2020

    No updates.

    Updated: October 30, 2019

    No updates.

    Updated: May 30, 2019

    An ASIC enforcement review was done at the end of 2017 due to OGP NAP1 Goal 1.4. However, the final report does not mention tracing powers for beneficial ownership.

    Updated: June 30, 2018

Australia's Commitments
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