August 2009 (#101)

In this update:

  • August 2009 TIA Newsletter released
  • RBA calls in external auditors
  • Corruption watchdog for federal MPs long overdue
  • Political Party Financing
  • Accountability in Queensland � Green Paper released
  • Foreign companies seek to ‘bribe’ their way into China
  • World Bank announcement on Siemens payment
  • COMING EVENTS

August 2009 TIA Newsletter released

Articles in the August 2009 Newsletter include:

  • TI and AusAID: A Common Vision
  • Which countries are enforcing the OECD Convention on Combating Bribery?
  • TI 2008 Bribe Payers Index released
  • The Global Corruption Barometer 2009
  • Risk in the Corporate World

RBA calls in external auditors

The Reserve Bank of Australia has called in external auditors to investigate transactions between its banknote making subsidiary and foreign middlemen. This audit is separate from an investigation being carried out by the Australian Federal Police in the subsidiary�s overseas dealings.

Corruption watchdog for federal MPs long overdue

A recent Sydney Morning Herald article by Senator Bob Brown began: �The current political culture in Australia decrees that if you hand a minister $10,000 in a paper bag marked ”for you” in return for a talk about your business plans, it is a bribe. But if you hand the $10,000 to a party official to sit next to the minister at dinner and discuss your business plans, that is OK. It is a sham.�

Political Party Financing

Political Party Financing
Sparked by recent scandals the NSW Opposition Leader, Barry O�Farrell, has come out with a clear statement of intent – and policy.

Accountability in Queensland � Green Paper released

Queenslanders have been invited to comment on the government’s new discussion paper, �Integrity and Accountability in Queensland�, via making a formal submission or by participation in a web forum. The paper also provides an overview of the state’s current integrity and accountability system, and how it compares with other relevant jurisdictions.

Foreign companies seek to ‘bribe’ their way into China

A Chinese business consultant says too many Western companies think they have the right to bribe their way into China. Transparency International says that companies from emerging economic giants like China are perceived to routinely engage in bribery. One estimate puts the cost of corruption in China at more than $100 billion a year or around 5 per cent of gross domestic product.

World Bank announcement on Siemens payment

Transparency International (TI) welcomed the announcement by the World Bank of the resolution of its investigation into allegations of bribery by Siemens AG. TI also endorsed the strong message conveyed by the Bank that companies will suffer severe penalties for engaging in corruption on World Bank financed projects.

COMING EVENTS

24 September 2009: launch of Global Corruption Report 2009 in Melbourne � this year�s focus is Private Sector Corruption