Historically, those who witnessed white collar crime in a workplace knew that reporting these issues could be a career ending move. Whistleblowers were very often subjected to detrimental actions and victimised.
Changes to the Corporations Act, 2001 (Cth) and Taxation Administration Act 1953, (Cth), came into force in July 2019, with heavy penalties from 1st January 2020. Public companies, large companies foreign, trading or financial corporations are required to have processes in place which enable protected disclosures. Those workplaces which do not protect whistle-blowers by threatening or causing detrimental vicitmisation are liable to fines of up to $1,000,000.00 for individuals and $10,500,000.00 for companies or 10% of revenue.
Thousands of Australian employers need to change their approach to whistleblowing.
Anyone who has been involved with a company are eligible whistleblowers – employees, former employees, contractors, employees of contractors, volunteers, associates and relatives.
What you need to do NOW
Ensure you have a compliant whistleblowing policy.
Two types of Training:
Provide a trusted reporting system for whistleblowers. Although whistleblowers can make their disclosures to APRA, ASIC and management, some organisations may prefer to provide an independent organisation which helps individuals trust the confidentiality and processes
interMEDIATE Dispute Management provides an independent, highly confidential hotline, as well as training and policy services for companies who wish to ensure your organisation is they are compliant, protect their workers and improve their workplaces.
Trusted by organisations and families since 1995, we can help you to resolve your dispute and move forward. With our team’s, more than 380 years combined dispute management expertise, our caring and competent professional team is here for you during and after hours, 7 days a week. We’ll come to you, arrange a convenient neutral venue or provide services by telephone and internet to guide all parties towards reaching peaceful resolution.
find out more about how we can help you find peace & resolution in fraught relationships.