The AusNCP participated in a virtual OECD Peer Review in September 2021.
Submissions are now closed. Thank you to all the stakeholders who provided feedback.
What is a NCP Peer Review?
Peer reviews are a tool used to examine one country’s performance or practices by representatives of other countries. The goal of a peer review is to help the reviewed country improve its policy-making and comply with established standards and principles.
All NCP reviews follow a standard format. The objectives are to assess that the functioning of the NCPs against the OECD’s Implementation Procedures (OECD Guidelines, page 65); identify the NCP’s strengths and positive results as well as any gaps and possibilities for improvement; and serve as a learning tool for reviewed and participating NCPs.
According to the OECD, Peer Reviews are not fact-finding missions or reporting and data collection, but characterised by dialogue, interactive discussion and voluntary participation. They are not an independent audit and are designed to assist the NCP in learning from peers to fulfil its mandate, therefore the NCP participates throughout the process.
Who is on the Review Panel?
Australia’s Review Panel Members are the NCP’s from New Zealand, Italy and Sweden. The OECD assisted the Panel by undertaking background research, contributing questions for stakeholders, coordinating with the AusNCP to adapt the program for a virtual format and drafting the final report.
Stakeholder feedback and the Peer Review Report
Input from stakeholders is very important in demonstrating how an NCP functions in practice with respect to criteria and principals set in the OECD Procedural Guidance (OECD Guidelines, page 78). These include the OECD’s core criteria for functional equivalence (NCPs are visible, accountable, transparent, compatible with the Guidelines); and principles for handling complaints.
The report is expected to be publicly released by the OECD after March 2022 meeting of the Investment Committee. It will also be published on the AusNCP website (visit our Contact Us page to subscribe). A list of stakeholders present at the feedback sessions and who submitted written responses, will be included in the final report. However, comments in the report will not be attributed to specific individuals or organisations.
Examples of other NCP Peer Review Reports can be found on the OECD Guidelines website.