Following the 2018-19 Budget announcement to increase the integrity of the Commonwealth procurement process, the Government is seeking comments from interested parties on the draft procurement connected policy (PCP) that was informed by an initial consultation process from 15 May to 15 June 2018.
The draft PCP will, once finalised, implement a recommendation of the Black Economy Taskforce to require businesses seeking to tender for Australian Government procurement contracts over $4 million (inclusive of GST) to provide a statement of tax record from the Australian Taxation Office that indicates that they are generally compliant with their tax obligations. The PCP sets out the key components that are aimed at improving the integrity of the procurement process and provides guidance to assist all relevant Commonwealth entities in implementing the policy.
The Regulation Impact Statement requirements have been satisfied by the independent review carried out by the Black Economy Taskforce.
Stakeholders are encouraged to provide their views on the proposed system.