Whistleblower Policy changes
Is your business ready for when the whistle blows?
With the new Australian #whistleblower laws that came into effect on 1 July 2019, in addition to the extended whistleblower protections provisions that apply to ALL 'Regulated Entities' (refer s1317AAB Corporations Act), did you know that if you are a large proprietary company (as per the new thresholds from 1 July 2019), public company (listed and unlisted) or corporate trustee of an APRA-regulated superannuation fund you only have until 1 January 2020 to have a whistleblower policy in place that complies with the new legislation?
Even though you may not be required to have a whistleblower policy by law, it would be still considered best practice to have a documented strategy for handling whistleblower disclosures which should also form part of your overall compliance and governance framework.
Get in touch with us if you would like any help understanding your obligations.
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General guidance only and does not constitute professional legal advice.
About the author
Ainslie Cunningham is a Corporate Governance Consultant and is a Co-Founder of 3YS Owls. Ainslie is a qualified company secretary and risk manager, a fellow of the Governance Institute of Australia and the Chartered Governance Institute and is a Member of the Australian Institute of Company Directors and Risk Management Institute of Australasia. Ainslie specialies in the key areas of: Corporate Governance; Risk Management; and Company Secretarial Services. Read More
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