Whistleblower reform: New laws – are you ready? - KPMG Australia
close
Share with your friends

Whistleblower reform: New laws – are you ready?

Whistleblower reform: New laws – are you ready?

On 19 February 2019, the Federal government passed new laws containing significant reforms to Australia’s corporate whistleblower regime. The laws are intended to improve protection for whistleblowers in the corporate and financial sectors, and introduce new protections for tax whistleblowers.

1000

Also on home.kpmg

Illustration of a spotlight on an empty stage

The new laws require all public companies, large proprietary companies and trustees of registered superannuation entities to implement whistleblower policies or risk facing penalties. There are a number of other changes that you should also be aware of, including greater access to compensation for whistleblowers and significant penalties for breaches of confidentiality.

What steps should organisations take?

In preparation for the new laws, organisations should take the following steps:

  • Evaluate current whistleblowing and grievance policies and procedures.
  • Provide training for eligible recipients.
  • Implement appropriate investigation procedures.

How we can help

KPMG provides a range of specialist whistleblower services, including:

  • the FairCall service – a 24/7 anonymous and confidential whistleblower hotline
  • training for boards, disclosure officers and senior management
  • bespoke employment law advice on disclosure matters
  • drafting and implementing compliant whistleblower policies
  • whistleblower program reviews and framework development
  • legally privileged investigation services. 

 

Read more about this important topic and the steps that organisations should take in our factsheet.

Connect with us

 

Want to do business with KPMG?

 

Request for proposal