1.3 - Extractive industries transparency
This commitment will advance the OGP values of access to information and public accountability by:
providing timely, reliable, publicly available and independently verified data on the extractives industries’ contribution to the Australian economy
encouraging EITI adoption in resource-rich countries and support a level playing field for Australian companies seeking to invest in those markets
demonstrating Australia’s commitment to global transparency, anti-corruption and tackling tax avoidance; consistent with current domestic and international trends; and
supporting the extractive industries’ social licence to operate, demonstrating its commitment to transparent and accountable operations.
- A Multi-Stakeholder Group (MSG) was established on 23 November 2016 to oversee the Extractive Industries Transparency Initiative (EITI) process in Australia. The MSG is a requirement of the EITI Standard.
- The MSG at its third meeting on 22 November 2017 undertook to review of the requirements of the 2016 EITI Standard against the Australian adapted model developed by the Australian 2014 EITI pilot. The work will underpin the development of a detailed work plan supporting Australia's EITI candidacy application.
- The Australian EITI MSG will need to agree on how the 2016 EITI Standard will be applied, ensuring consistency with Australian legislative and policy frameworks.
Government: Department of Industry, Innovation and Science; Department of Foreign Affairs and Trade, Australian Taxation Office, Department of the Treasury, state and territory governments.
Non-Government: Multi-Stakeholder Group (MSG) with 21 voting members representing governments, the extractive industry and civil society organisations.
Steps to implementation
|Implementation Step||Implementation Period||Status|
Establishment of the Australian EITI Multi Stakeholder Group (MSG)
Australia to apply for EITI Candidate Country status
Australia to publish first EITI report.
|18 months after obtaining EITI Candidate Country status||Not yet commenced|
Status updates for commitments are provided approximately every two months. With each update, agencies are encouraged to provide further and better particulars of the commitment and its steps to implementation, which may result in changes to timelines outlined in Australia’s first Open Government National Action Plan 2016-18.