Whistleblower Policy: Is it a part of your organisation?
More importantly, have your staff been trained on the policy? The criminal and civil penalties for non-compliance with the new Whistleblowing laws are serious: fines of up to $1million for individuals, and $525 million for organisations. The changes have been introduced as a form of amendments to the Corporations Act 2001 (Cth) and came into […]
New whistleblower law takes effect
New whistleblower laws to take effect on 1 July The new whistleblower provisions under the Treasury Laws Amendment (Enhancing Whistleblower Protections) Act 2019 (Act) will take effect on 1 July 2019. Although the requirement to have a compliant policy for public and large proprietary companies takes effect six months later, on 1 January 2020, employers […]
Whistle Blower Legislation
Whistle blowers represent both a threat and an opportunity for compliance officers. The obvious threat for compliance officers is that an employee who has identified an area of non-compliance within the company chooses to report the issue to an external regulator, the ramifications of which may include heavy penalties for the company. New whistle blower […]