Private companies that were given a historical exemption from filing annual financial reports are escape by a who’s who of corporate Australia,including Malcolm TurnbullPrivate companies associated with Australia’s business elite, including prime minister Malcolm Turnbull, or are on a list of entities not required to publish tax information under a historical secrecy provision that will continue whether the Senate caves in on its demand that the government introduce new tax transparency rules.
Guardian Australia can reveal the full list of 1498 companies that were – as of 2011 – exempt from filing annual financial reports with the Australian Securities and Investments Commission (Asic) under a deal done by the Keating government in 1995.
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Source: theguardian.com