From 1 July 2019, businesses seeking to tender for Australian Government procurement contracts over $4 million (including GST) are required to provide a statement from the Australian Taxation Office showing they have a satisfactory tax record.
The Black Economy Procurement Connected Policy outlines the key components of the Commonwealth Government's policy to increase the integrity of government procurement, as recommended in the Black Economy Taskforce's final report.
All non-corporate Commonwealth entities must comply with the policy.
We advise members who undertake Federal Government contracts to review further information on the Treasury website.
Click here to access NECA's Policy Briefing Paper.