March 12, 2019

Australia enhances whistleblower protections

The Australian Parliament has amended its Corporations Act 2001 to broaden the protections available to corporate and financial sector whistleblowers, and to consolidate these protections into a single, strengthened whistleblower protection regime covering the corporate, financial and credit sectors.  Australia first introduced whistleblower protections in 2004, but protections for reporting corporate corruption, bribery, fraud, money-laundering, and terrorism financing were scattered among the Corporations Act and various financial sector laws.  Those protections have now been consolidated in the Corporations Act 2001, which now also includes  protections for whistleblowers who report violations in the consumer credit field.

Treasury Laws Amendment