Australia’s lax corporate registry system enables companies with a poor business integrity track record to use Australia as a launching pad for corrupt activities in the Pacific.
Amelia Pace
Businesses need both a corruption and human rights due diligence process, whereby they identify, prevent and address their adverse human rights impacts. This is the only way to ensure full realisation and enjoyment of human rights and help tackle corruption.
13-14 May 2021. Our colleagues in Papua New Guinea will host the 1st PNG National Integrity Summit, bringing together national practitioners and reformers to launch and discuss the findings of the National Integrity Systems Assessment.
A stronger corporate regulatory system requires proper due diligence checks into the integrity, character and track record of directors and entities.
Australia has inadequate corporate regulatory systems. This enables people who have been involved in corruption to register companies in Australia.
Australia must step up its diligence on who is doing business here, and an improved corporate registry system would help.
Business, multi-lateral institutions and civil society must give greater consideration to the nexus between corruption and human rights.
Australian aid should help our neighbours respond to covid. In every crisis, corruption thrives. We should keep good governance squarely in focus.