Australia: New procurement policy: Treasury draft explains new rules to exclude tax dodgers

21 Nov 2018: Treasury has released a draft of the new procurement policy that aims to stop federal agencies buying goods and services from companies involved in the black economy. From July 1, 2019, all new tenders for contracts worth $4 million or more (including GST) will have to include a statement from the Australian Taxation Office confirming the bidder’s tax affairs are in order. The draft sets out three basic criteria for a satisfactory tax record.