Board of Taxation
Corporate Tax Transparency Code and Register
The Code
The Voluntary Tax Transparency Code (the Code) is a set of principles and ‘minimum standards’ to guide disclosure of tax information by businesses. The Code was developed by the Board of Taxation at the Treasurer’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.
The Treasurer released the Board’s report to Government A Tax Transparency Code on 3 May 2016.
Draft AASB Guidance
The Board of Taxation requested that the AASB develop guidance to assist businesses meet the Code recommendations for the suggested tax reconciliation and calculation of an effective tax rate. The AASB has issued draft guidance for public comment to support entities in presenting income tax disclosures under the Code. Details of the AASB draft guidance are in the form of a Draft Appendix to the Code. The AASB invites your comments to the Draft Appendix to the Code [PDF|DOCX]. Further details on how to make a submission can be found at Australian Accounting Standards Board website.
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 Code.
To find out more information about the ATO’s role in administering the Code please visit their Voluntary Tax Transparency Code page.
Businesses wishing to notify the ATO of their TTC reports being made publicly available on their website can do so by emailing ttc@ato.gov.au.
Catalogue of Signatories
The signatories to the register below have committed to applying the principles and the details of the Code. The Board is aware of a number of companies who have internal processes underway to adopt the Code.
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 subject to the Code. 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 ending for Tax Transparency Report |
|---|---|
| AGL Energy Ltd | 30 June 2016 (Published) |
| Alcoa of Australia Ltd | 31 December 2016 |
| ALDI Foods Pty Limited | 31 December 2015 |
| AMCIL Investments Limited | 30 June 2016 (Published) |
| AMP Limited | 31 December 2015 (Published) |
| ANZ | 30 September 2016 (Published) |
| APA Group | 30 June 2016 (Published) |
| Aristocrat Leisure Limited | 30 September 2016 |
| ASC PTY LTD | 30 June 2017 |
| 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 |
| Australian Foundation Investment Company Ltd | 30 June 2016 (Published) |
| Australian Postal Corporation | Progressive implementation starting FYE 30 June 2016 (Published) and fully compliant FYE 30 June 2017 |
| Australian Rail Track Corporation Ltd | 30 June 2016 (Published) |
| Australian Unity Limited | 30 June 2017 |
| AustralianSuper | 30 June 2017 |
| AWE Ltd | 30 June 2016 (Published) |
| Bank of Queensland Limited | 31 August 2016 (Published) |
| Bendigo and Adelaide Bank Limited | 30 June 2016 (Published) |
| BHP | 30 June 2016 (Published) |
| Blackmores Ltd | 30 June 2016 (Published) |
| Boral Limited | 30 June 2017 |
| BP Australia | 31 December 2016 |
| Brambles Limited | 30 June 2016 (Published) |
| BT Investment Management Limited | 30 September 2016 (Published) |
| Caltex Australia Limited | 31 December 2016 |
| 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) |
| Commonwealth Bank of Australia | 30 June 2016 (Published) |
| Commonwealth Superannuation Corporation | 30 June 2017 |
| Compass Group (Australia) Pty Ltd | 30 September 2017 |
| Computershare Limited | 30 June 2017 |
| CSL Limited | 30 June 2017 |
| Djerriwarrh Investments Ltd | 30 June 2016 (Published) |
| Downer EDI Limited | 30 June 2016 (Published) |
| Dulux Group Limited | 30 September 2017 |
| Elders Limited | 30 September 2017 |
| EnergyAustralia | 31 December 2016 |
| 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 |
| Fairfax Media Limited | 30 June 2016 (Published) |
| Fletcher Building (Australia) Pty Ltd | 30 June 2017 |
| Flight Centre Travel Group Limited | 30 June 2017 |
| Fortescue Metals Group Limited | 30 June 2017 |
| Frasers Property | 30 September 2016 |
| GrainCorp Limited | 30 September 2016 (Published) |
| GWA Group Limited | 30 June 2016 (Published) |
| Healthscope Limited | 30 June 2017 |
| Iluka Resources Limited | 31 December 2015 (Published) |
| Infigen Energy Limited | 30 June 2017 |
| Insurance Australia Group Limited | 30 June 2017 |
| IOOF Holdings Ltd | 30 June 2017 |
| Lendlease Corporation Limited | 30 June 2017 |
| Lion | 30 September 2016 |
| 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) |
| Medibank Private Limited | 30 June 2016 (Published) |
| Mirrabooka Investments Ltd | 30 June 2016 (Published) |
| Mirvac | 30 June 2016 (Published) |
| Moorebank Intermodal Company Limited | 30 June 2018 |
| MYOB Group Limited | 31 December 2016 (Published) |
| NAB | 30 September 2016 (Published) |
| National Pharmacies | 30 June 2016 (Published) |
| Navitas Limited | 30 June 2017 |
| Newcrest Mining Ltd | 30 June 2016 (Published) |
| Northern Star Resources | 30 June 2017 |
| Orica Limited | 30 September 2016 (Published) |
| Origin Energy Limited | 30 June 2016 (Published) |
| Perpetual Limited | 30 June 2016 (Published) |
| PMP Limited | 30 June 2016 (Published) |
| Qantas Group | 30 June 2016 (Published) |
| QBE Insurance Group Limited | 31 December 2016 |
| QSuper | 30 June 2017 |
| Ramsay Health Care Limited | 30 June 2017 |
| Rio Tinto | 31 December 2015 (Published) |
| Sandvik Australia Holdings Pty Ltd | 31 December 2016 |
| Santos | 31 December 2016 |
| SEEK Limited Group | 30 June 2016 (Published) |
| Shell Australia Group | 31 December 2016 |
| Siemens Ltd | 30 September 2015 (Published) |
| South32 | 30 June 2016 (Published) |
| Stockland | All key elements of the Code have been adopted with the exception of the tax contribution summary of corporate taxes paid. The summary of all corporate taxes paid will be implemented from the 2017 financial year onward. |
| Suncorp Group Limited | 30 June 2016 (Published) |
| Super Retail Group Limited | Progressive implementation starting FYE 30 June 2016 (published) and fully compliant FYE 30 June 2017 |
| 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 |
| The Boston Consulting Group Pty Ltd | 31 December 2016 |
| The GPT Group | Progressive implementation, Tax Transparency Report for FYE 31 December 2016 (published) and fully compliant by 31 December 2017 |
| Transurban Limited | 30 June 2016 (Published) |
| Treasury Wines Estate Limited | 30 June 2016 (Published) |
| Unilever Australia Group Pty Ltd | 31 December 2017 |
| Vicinity Centres | 30 June 2016 (Published) |
| Viva Energy Holding Pty Ltd | 31 December 2016 |
| Vodafone Hutchison Australia Pty Limited | 31 December 2016 |
| Wesfarmers Limited | 30 June 2016 (Published) |
| Westpac | 30 September 2016 (Published) |
| Woodside Petroleum Limited | 31 December 2016 (Published) |
| Woolworths Limited | 30 June 2017 |
| WorleyParsons Limited | 30 June 2016 (Published) |
| WSP Australia Holdings Pty Ltd | 31 December 2016 (Published) |