On 6 December 2017, the Commonwealth Government announced its intention to significantly reform Australia's existing anti-foreign bribery regime.
The Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017, now...more
The Situation: Currently, limited protections exist in Australia for private sector whistleblowers against victimization and detrimental treatment.
The Development: The Australian government has released draft law that...more
11/2/2017
/ ASIC ,
Auditors ,
Australia ,
Competition Authorities ,
Corporate Misconduct ,
Disclosure Requirements ,
Financial Institutions ,
Indemnification ,
Insurance Industry ,
Ombudsman ,
Police ,
Private Sector ,
Proposed Legislation ,
Superannuation ,
Trustees ,
Whistleblower Protection Policies ,
Whistleblowers
The Situation: On 22 September 2017, the Australian Government released a draft bill for the introduction of a Banking Executive Accountability Regime ("Proposed BEAR") allowing only five working days for submissions....more
The Background: In RBC Investor Services Australia Nominees Pty Limited v Brickworks Limited [2017] FCA 756 (10 July 2017) ("Brickworks case"), a large institutional investor sought to dismantle a cross shareholding...more