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This paper is a progress report on how well Australia measures up in being transparent and accountable about its performance in respect of a wide range of such best practice codes.
The issues involved here range from the way in which information is created, how it is collated and published and the many codes and standards that guide both public and private use of the information.
The better the information available to government and market participants, the more soundly based can be their policies and decisions, helping make economies less vulnerable to shocks, panics or imbalances. Experience has shown that transparency is needed across all areas of government and the private economy.