TIA is pleased to submit some brief comments in response to the Data Economy Unit consultation paper on the proposed amendments to The Corporations Act 2001 (Corporations Act) for the Modernising Business Registers (MBR) Program.
Submissions
TIA strongly supports strengthening Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. This inquiry is a critical opportunity to review the adequacy and efficacy of Australia’s AML/CTF regime.
The Finance and Public Administration References Committee’s held an inquiry into the administration and expenditure of funding under The Urban Congestion Fund.
The Financial Action Task Force is considering potential amendments to Recommendation 24 on the transparency and beneficial ownership of legal persons.
TIA welcomes the opportunity to strengthen the standards, safeguards, governance, and transparency of Export Finance Australia (EFA).
TIA welcomes the opportunity to strengthen the proposed CIC. A well-designed model will assist in overcoming difficulties in anti-corruption enforcement in Australia and internationally.
TIA strongly supports enhanced transparency and accountability in resources sector regulation. Enhanced transparency and accountability measures not only reduce corruption risks, they create more certainty for the industry.
TIA supports this bill, it is part of a much-needed package of pro-integrity reform.
TIA supports this bill, it is part of a much-needed package of pro-integrity reform.
The standard could be further strengthened by providing additional details and requirements around community participation and engagement, conflicts of interest, and whistleblowing protections.