As part of the 2018‑19 Budget and in response to the Black Economy Taskforce’s Final Report, the Government announced a range of measures to tackle the shadow economy including a commitment that, from 1 July 2019, Government procurement processes will exclude businesses that do not have a satisfactory tax record.
The Shadow Economy Procurement Connected Policy (PCP) (formerly the ‘Black Economy’ PCP) commenced on 1 July 2019 and applies to new approaches to market on or after 1 July 2019, for procurements valued over $4 million (including GST) for all goods and/or services, including for construction services. The PCP applies to Commonwealth Government procurements that are undertaken through open tenders and that are subject to the Commonwealth Procurement Rules.
Under the Commonwealth Grants and Procurement Connected Policies (RMG 415) guide, policy-owning entities of approved PCPs are required to conduct annual reviews of their policy’s effectiveness in achieving its stated purpose and outcome. This review also provides an opportunity to examine and resolve some of the issues and suggestions for improvement that have been made by various stakeholders during the operation of the Shadow Economy PCP.
Participants in this consultation are welcome to raise any other related issues or suggestions that are not covered by this consultation paper.
You can submit responses to this consultation up until 23 September 2022. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
Address written submissions to:
Email: taxadministrationconsultation@treasury.gov.au