Public Country By Country Reporting

The Federal Government held consultations in Feb 2024 on the Draft Exposure Bill for public Country by Country reporting. PWYP welcomes the draft Bill but recommends that a public country- by-country Bill should:

● include full public Country by Country reporting

● or at least include a wider range of jurisdictions to include the 103+ countries where Australian extractives companies operate (see item 4 Australia’s Extractive Global Footprint).

● include requirements to reflect the standard in the Extractive Industries Transparency Initiative (EITI) for future policy alignment and implementation re-establish the Multi Stakeholder Group.

● require project level disaggregation of payment to government data (e.g. taxes, royalties, license fees etc.) in the extractive sector. These improvements would be (in line with equivalent laws in Canada, the 27 EU nations, UK, Switzerland, Norway and soon the US, and as those that are required under the EITI and GRI standards for tax, oil and gas, and coal.