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The Black Economy - Industry Roundtable with the Chairman (ADELAIDE)

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University of South Australia

Level 5, Hawke Building, City West Campus

50-55 North Terrace

Adelaide, SA 5000

Australia

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This event is for business people, and representatives of professional and industry associations.


The Black Economy Taskforce has been formed to target the black economy, which is also known as the shadow economy or cash economy – businesses and individuals which operate outside the tax and regulatory system.


Clamping down on the black economy is a matter of fairness and ensuring that there is a level playing field. Otherwise businesses, employees and consumers who do the right thing are directly penalised.


The black economy also enables the exploitation of workers, abuse of the welfare system and undermines community trust in the tax system.


In Australia, it could be at least as large as 1.5 per cent of our gross domestic product, or around $24 billion dollars.


The Taskforce's Interim Report was released by the Government on Budget night and submissions are open until 30 June 2017. You can download a copy at www.treasury.gov.au/blackeconomy. The Taskforce will deliver a final report to Government in October this year.


The Chair of the Taskforce, Michael Andrew AO, seeks to hear your perspectives at an industry roundtable. There are two slots available for an hour each. One at 9:30am and another at 2:30pm. Mr Andrew will outline the Taskforce's findings to date and invite general discussion.


Mr Andrew was Chairman and CEO of KPMG International from 2011 to 2014 and a partner in KPMG since 1988. He is also currently the Chairman of the Board of Taxation and former Chair of the B20 Anti-Corruption Taskforce.


**Morning and afternoon tea will be provided**

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Location

University of South Australia

Level 5, Hawke Building, City West Campus

50-55 North Terrace

Adelaide, SA 5000

Australia

View Map

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