In the current economic climate, the Commonwealth government remains one of the few still contracting for large projects. Businesses that would like to tender for Commonwealth government contracts over $4m will need to have a satisfactory statement of tax record. This also applies to prime contractors, or suppliers involved in a panel arrangement. Depending on the structure of the business involved, differing requirements apply in relation to the statement of tax record, and some contracts may require updated statements during the life of the contract.
