Standards Australia is seeking public feedback on a new discussion paper regarding how supply chain standards can reduce the black economy. The term refers to a range of activities including under-reporting or not reporting income, paying for work cash-in-hand, committing visa fraud, hiding behind or misquoting an Australian Business Number, or excise evasion.
In response to growing concerns about the domestic black economy, the Australian Government has committed to a range of measures, which include the development of standards to support supply chain integrity.
As a result, Standards Australia has developed the Supply chain standards to reduce the black economy discussion paper and is consulting with the community to examine how standards and other guidance materials can support the Australian Government’s taskforce recommendation. The consultation process will be shaped by online responses to the discussion paper and face-to-face consultation sessions to take place this month.
Click here to view the discussion paper.
All feedback will shape a final report to be released next March that will provide clear options on next steps to Treasury.
Details on the dates and locations of consultation sessions, as well as instructions on how to submit feedback online, can be found in the discussion paper.