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1.3 - Extractive industries transparency

Overall status:
Delayed

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.

Current status

  • A Multi-Stakeholder Group (MSG) has been established to oversee the Extractive Industries Transparency Initiative (EITI) process in Australia. The MSG is a requirement of the EITI Standard.

  • The MSG has met twice (23 November 2016 and 6 April 2017) and a further meeting is proposed for late 2017.

  • The MSG is developing the detailed work plan that will underpin Australia's EITI candidacy application.

  • Progressing Australia’s EITI candidacy application requires a comprehensive review of the requirements of the 2016 EITI Standard against the Australian adapted model developed by the Australian 2014 EITI pilot.

  • 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.

  • Australia will submit its EITI candidacy application, upon endorsement by the MSG.

Other stakeholders

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)

Nov 2016 Completed

Australia to apply for EITI Candidate Country status

Mar-June 2017 On-track

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.

Last updated: 10/10/2017

Comments

Submitted by James Stewart on

I am one of many Australian mining industry professionals with experience and evidence of failures by Australian organisations failures to be transparent or to correct, or even respond, when such errors are explained to responsible officers, including company secretaries and directors.

How can we initiate any EITI complaint handling process? From reading this and related web sites, there does not appear to be such a process.

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