Board of Taxation
Corporate Tax Transparency Code and Register
Post-implementation review of the TTC
The Board commenced a post-implementation review of the TTC in 2018. Following consultation with a wide range of stakeholders, the Board is proposing amendments to the TTC which are outlined in the Consultation Paper released on 26 February 2019.
- TTC Consultation Paper [DOCX 658KB | PDF 534KB]
The Board invites interested stakeholders to review the proposed amendments and provide comments to the Board. Instructions on how to make a submission are included in the Consultation Paper. The timeframe for submissions closed on Tuesday 26 March 2019.
The TTC
The Tax Transparency Code (the TTC) is a set of principles and ‘minimum standards’ to guide disclosure of tax information by businesses. the TTC was developed by the Board of Taxation at the Government’s request:
- To encourage large and medium-sized businesses to publicly disclose their tax affairs to highlight those that are paying their fair share and to encourage all businesses not to engage in aggressive tax avoidance; and
- For large businesses to take the lead, to become more transparent and help educate the public about their compliance with Australia’s tax laws.
Notwithstanding that the TTC is voluntary, the Government expects all responsible large and medium businesses operating in Australia to adopt it.
The Treasurer released the Board’s report to Government A Tax Transparency Code on 3 May 2016.
Role of the ATO
The ATO is responsible for the centralised hosting of published reports provided to the ATO by businesses who have adopted the TTC.
To find out more information about the ATO’s role in administering the TTC please visit their Voluntary Tax Transparency Code page.
Businesses wishing to advise the ATO of the links to their TTC reports can do so by emailing ttc@ato.gov.au.
Draft AASB Guidance
The Board of Taxation requested that the AASB develop guidance to assist businesses meet the TTC recommendations for the suggested tax reconciliation and calculation of an effective tax rate. The AASB has issued draft guidance is in the form of a Draft Appendix to the TTC [ DOCX 140KB | PDF 312KB].
How to access published TTC reports
You can access the links to the published TTC reports as notified to the ATO by signatories that have adopted the Code.
ATO mandatory corporate tax transparency
The ATO has a legislative duty to report information about certain corporate tax entities under section 3C of the Taxation Administration Act 1953 and do this annually through the Report of Entity Tax Information.
Register of Signatories
The signatories to the register below have committed to applying the principles and the details of the TTC. The Board is aware of a number of companies who have internal processes underway to adopt the TTC.
The Board notes that the number of registered entities is likely to differ from the ATO published data (which is based on taxpayer entities rather than taxpayer groups) as a result of the flexibility provided under the Voluntary Code. This makes direct comparisons less meaningful. According to a recent evaluation by the Corporate Tax Association, the current signatories registered with the Board represents more than 60 percent of taxable income and tax payable by corporate taxpayers who are potentially subject to the TTC. This also illustrates the concentration of corporate tax collections in Australia.
To become a signatory to the Register, please contact the Board of Taxation.
| Organisation | Financial Year for First Published Tax Transparency Report (1) |
|---|---|
| Acciona Australia | 31 December 2017 (Published) |
| Adelaide Brighton Limited | 31 December 2017 (Published) |
| AGL Energy Ltd | 30 June 2016 (Published) |
| Airservices Australia | 30 June 2018 (Published) |
| Alcoa of Australia Limited | 31 December 2016 (Published) |
| ALDI Foods Pty Limited | 31 December 2015 (Published) |
| AMCIL Investments Limited | 30 June 2016 (Published) |
| AMP Limited | 31 December 2015 (Published) |
| Anglo American Australia Limited | 31 December 2017 (Published) |
| ANZ | 30 September 2016 (Published) |
| APA Group | 30 June 2016 (Published) |
| Argo Global Listed Infrastructure Limited | 30 June 2018 (Published) |
| Argo Investments Limited | 30 June 2018 (Published) |
| Aristocrat Leisure Limited | 30 September 2016 (Published) |
| ASC Pty Ltd | 30 June 2017 (Published) |
| AstraZeneca Holdings Pty Ltd | 31 Decmeber 2016 (Published) |
| ASX Limited | 30 June 2017 (Published) |
| Aurizon Holdings Limited | 30 June 2016 (Published) |
| Ausdrill Ltd | 30 June 2016 (Published) |
| AusNet Services Ltd | 31 March 2017 (Published) |
| Australia Pacific LNG Pty Ltd | 30 June 2018 |
| Australian Foundation Investment Company Ltd | 30 June 2016 (Published) |
| Australian Pharmaceutical Industries | 31 August 2018 (Published) |
| Australian Postal Corporation | Progressive implementation starting FYE 30 June 2016 (Published) and fully compliant FYE 30 June 2017 (Published) |
| Australian Rail Track Corporation Ltd | 30 June 2016 (Published) |
| Australian Unity Limited | 30 June 2017 (Published) |
| AustralianSuper | 30 June 2017 (Published) |
| AVJennings Limited | 30 June 2017 (Published) |
| AWE Ltd | 30 June 2016 (Published) |
| Bank of Queensland Limited | 31 August 2016 (Published) |
| Bendigo and Adelaide Bank Limited | 30 June 2016 (Published) |
| Beyond Bank Australia | 30 June 2018 (Published) |
| BHP | 30 June 2016 (Published) |
| Blackmores Ltd | 30 June 2016 (Published) |
| BlueScope Steel Limited | 30 June 2017 (Published) |
| Boeing Australia Holdings Pty Ltd Group | 31 December 2016 (Published) |
| Boral Limited | 30 June 2017 (Published) |
| BP Australia | 31 December 2016 (Published) |
| Brambles Limited | 30 June 2016 (Published) |
| Caltex Australia Limited | 31 December 2016 (Published) |
| carsales.com Ltd | 30 June 2019 (Published) |
| Cbus (United Super Pty Ltd as trustee for Construction and Building Unions Superannuation Fund) | 30 June 2019 |
| Challenger Limited | 30 June 2017 (Published) |
| Charter Hall Group | 30 June 2017 (Published) |
| Chevron Australia Holdings Pty Ltd | 31 December 2016 (Published) |
| Citibank N.A. | 31 December 2016 (Published) |
| Citigroup Pty Ltd | 31 December 2016 (Published) |
| Cleanaway Waste Management Ltd | 30 June 2016 (Published) |
| Coca Cola Amatil Limited | 31 December 2016 (Published) |
| Cochlear | 30 June 2016 (Published) |
| Coles Group Limited | 30 June 2020 |
| Collins Foods Limited | 30 April 2018 (Published) |
| Commonwealth Bank of Australia | 30 June 2016 (Published) |
| Commonwealth Superannuation Corporation | 30 June 2017 (Published) |
| Compass Group (Australia) Pty Ltd | 30 September 2017 (Published) |
| Computershare Limited | 30 June 2017 (Published) |
| Costa Group Holdings Ltd | 30 June 2017 (Published) |
| Credit Union Australia Ltd | 30 June 2017 (published) |
| CSL Limited | 30 June 2017 (Published) |
| CSR Limited | 31 March 2018 (Published) |
| Data#3 Limited | 30 June 2018 (Published) |
| Djerriwarrh Investments Ltd | 30 June 2016 (Published) |
| Domain Holdings Australia Limited | 30 June 2019 (Published) |
| Downer EDI Limited | 30 June 2016 (Published) |
| Dulux Group Limited | 30 September 2017 (Published) |
| Elders Limited | 30 September 2017 (Published) |
| Energy Australia | 31 December 2016 (Published) |
| ENGIE | 31 December 2017 (Published) |
| Evolution Mining Limited | 30 June 2016 (Published) |
| ExxonMobil Australia Pty Ltd | Progressive implementation will start with a report for the FYE December 31 2016, with a fully compliant report being completed for the FYE December 31 2017 (Published) |
| Fairfax Media Limited | 30 June 2016 (Published) |
| Fletcher Building (Australia) Pty Ltd | 30 June 2017 (Published) |
| Flight Centre Travel Group Limited | 30 June 2017 (Published) |
| Fortescue Metals Group Limited | 30 June 2017 (Published) |
| Frasers Property Australia | 30 September 2016 (Published) |
| Fulton Hogan Australia Pty Ltd | 30 June 2017 (Published) |
| G8 Education Ltd | 31 December 2018 (Published) |
| Glencore Grain Holdings Australia Pty Limited | 31 December 2018 (Published) |
| Glencore Investment Pty Limited | 31 December 2018 (Published) |
| Google Australia Pty Ltd | 31 December 2018 (Published) |
| GrainCorp Limited | 30 September 2016 (Published) |
| GWA Group Limited | 30 June 2016 (Published) |
| H.E.S.T. Australia Ltd | 30 June 2018 (Published) |
| Healius Limited (formerly Primary Health Care Limited) | 30 June 2017 (Published) |
| Healthscope Limited | 30 June 2017 (Published) |
| HSBC Bank Australia Limited | 31 December 2018 (Published) |
| Iluka Resources Limited | 31 December 2015 (Published) |
| Incitec Pivot Limited | 30 September 2017 (Published) |
| Independence Group NL | 30 June 2018 (Published) |
| Infigen Energy Limited | 30 June 2017 (Published) |
| ING Bank (Australia) Limited | 31 December 2018 (Published) |
| INPEX Corporation | 31 December 2017 (Published) |
| Insurance Australia Group Limited | 30 June 2017 (Published) |
| IOOF Holdings Ltd | 30 June 2017 (Published) |
| IRESS Limited | 31 December 2019 |
| Kubota Australia Pty Ltd | 31 December 2017 (Published) |
| Lendlease Corporation Limited | 30 June 2017 (Published) |
| Lion | 30 September 2016 (Published) |
| Macquarie Group Limited | 31 March 2017 (Published) |
| Macquarie Telecom Group Limited | Part A of the Tax Transparency Code for the year ended 30 June 2016 and Part A and B of the Tax Transparency Code for the year ending 30 June 2017 (Published) |
| McKinsey Pacific Rim, Inc. | 31 December 2017 (Published) |
| McMillan Shakespeare Group | 30 June 2017 (Published) |
| Medibank Private Limited | 30 June 2016 (Published) |
| Metcash Limited | 30 April 2018 (Published) |
| Mirrabooka Investments Ltd | 30 June 2016 (Published) |
| Mirvac | 30 June 2016 (Published) |
| Mitsui & Co (Australia) Ltd | 31 March 2018 (Published) |
| Mitsui-Itochu Iron Pty Ltd | 31 March 2019 |
| Moorebank Intermodal Company Limited | 30 June 2018 (Published) |
| MYOB Group Limited | 31 December 2016 (Published) |
| NAB | 30 September 2016 (Published) |
| National Pharmacies | 30 June 2016 (Published) |
| National Roads and Motorists’ Association Limited | 30 June 2019 (Published) |
| Naval Group Australia Pty Ltd | 31 December 2018 (Published) |
| Navitas Limited | 30 June 2017 (Published) |
| NBN Co Limited | 30 June 2019 (Published) |
| Newcrest Mining Ltd | 30 June 2016 (Published) |
| Newmont Australia | 31 December 2017 (Published) |
| NIB Holdings Limited | 30 June 2018 (Published) |
| Northern Star Resources | 30 June 2017 (Published) |
| oOh!media Limited | 31 December 2017 (Published) |
| Optus | 31 March 2018 (Published) |
| Orica Limited | 30 September 2016 (Published) |
| Origin Energy Limited | 30 June 2016 (Published) |
| Ovato Limited (formerly named PMP Limited) | 30 June 2016 (Published) |
| OZ Minerals Limited | 31 December 2018 (Published) |
| Pendal Group Limited (formerly named BT Investment Management Limited) | 30 September 2016 (Published) |
| Perpetual Limited | 30 June 2016 (Published) |
| Perron Investments Pty Ltd | 30 June 2016 (Published) |
| Qantas Group | 30 June 2016 (Published) |
| QBE Insurance Group Limited | 31 December 2016 (Published) |
| QSuper | 30 June 2017 (Published) |
| Ramsay Health Care Limited | 30 June 2017 (Published) |
| REA Group Limited | 30 June 2019 |
| Reliance Worldwide Corporation Limited | 30 June 2019 |
| Retail Employees Suparannuation Trust | 30 June 2019 |
| Rio Tinto | 31 December 2015 (Published) |
| Royal Automobile Club of Queensland Limited | 30 June 2017 (Published) |
| Royal Automobile Club of Victoria (RACV) Limited | 30 June 2017 (Published) |
| Royal Automotive Association of SA Inc | 30 June 2017 (Published) |
| Sandvik Australia Holdings Pty Ltd | 31 December 2016 (Published) |
| Santos | 31 December 2016 (Published) |
| SEEK Limited Group | 30 June 2016 (Published) |
| Senex Energy Ltd | 30 June 2018 (Published) |
| Service Stream Limited | 30 June 2019 |
| SGSP (Australia) Assets Pty Ltd | 31 December 2016 (Published) |
| Shell Australia Group | 31 December 2016 (Published) |
| Siemens Ltd | 30 September 2016 (Published) |
| Smartgroup Corporation Ltd | 31 December 2018 (Published) |
| Snowy Hydro Limited | 30 June 2017 (Published) |
| South32 | 30 June 2016 (Published) |
| Southern Cross Media Group Limited | 30 June 2019 (Published) |
| Spark Infrastructure | 31 December 2015 (Published) |
| Stockland | 30 June 2018 (Published) |
| Suncorp Group Limited | 30 June 2016 (Published) |
| Sunsuper Pty Ltd as trustee for the Sunsuper Superannuation Fund | 30 June 2018 (Published) |
| Super Retail Group Limited | Progressive implementation starting FYE 30 June 2016 (Published) and fully compliant FYE 30 June 2017 (Published) |
| Sydney Airport Limited | 31 December 2016 (Published) |
| Tabcorp Holdings Ltd | 30 June 2016 (Published) |
| Telstra | Progressive implementation starting FYE 30 June 2016 – fully compliant FYE 30 June 2017 (Published) |
| Telstra Superannuation Scheme | 30 June 2019 |
| The Boston Consulting Group Pty Ltd | 31 December 2016 (Published) |
| The GPT Group | Progressive implementation, Tax Transparency Report for FYE 31 December 2016 (published) and fully compliant by 31 December 2017 |
| The Hongkong and Shanghai Banking Corporation Limited – Sydney Branch | 31 December 2018 |
| Transurban Limited | 30 June 2016 (Published) |
| Treasury Wines Estate Limited | 30 June 2016 (Published) |
| Unilever Australia Group Pty Ltd | 31 December 2017 (Published) |
| UniSuper Limited | 30 June 2017 (Published) |
| Vermilion Oil & Gas Australia Pty Ltd | 2017 (Published) |
| Vicinity Centres | 30 June 2016 (Published) |
| VicSuper | 30 June 2018 |
| Viva Energy Holding Pty Ltd | 31 December 2016 (Published) |
| Vodafone Hutchison Australia Pty Limited | 31 December 2016 (Published) |
| Wesfarmers Limited | 30 June 2016 (Published) |
| Westpac | 30 September 2015 (Published) |
| Woodside Petroleum Limited | 31 December 2016 (Published) |
| Woolworths Limited | 30 June 2017 (Published) |
| WorleyParsons Limited | 30 June 2016 (Published) |
| WSP Australia Holdings Pty Ltd | 31 December 2016 (Published) |
1 A number of companies have published subsequent Tax Transparency Reports pursuant to the TTC. Published reports can be found at Data.gov.au