Sustainable business practices
From a risk perspective, Challenger has a stated "no appetite" for non-compliance with prevailing taxation laws, practice and reporting requirements.
Challenger, in accordance with its corporate governance policies, maintains an open relationship with key regulators, including the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC) and the Australian Taxation Office (ATO).
Challenger has in place a Tax Charter which governs how Challenger manages tax related matters. The Charter states that Challenger will manage its tax obligations in a sustainable manner with regard to the commercial and social imperatives of the business and its stakeholders.
The Charter further determines that Challenger will comply with prevailing revenue laws and maintain professional relationships with the regulatory and tax authorities in the jurisdictions it operates in.
Challenger does not knowingly participate in the avoidance of tax or facilitate and/or promote the avoidance or evasion of tax by a third party.