Comply with corporate whistleblower protections (Part 9.4AAA Corporations Act)
Public companies and large proprietary companies must have a whistleblower policy and protect disclosers.
Who must comply
Public companies, large proprietary companies, corporate trustees of RSEs.
What triggers it
Being a covered entity.
When due
Whistleblower policy in place; ongoing protection.
Evidence required
Whistleblower policy, training records, intake mechanism, investigation protocol.
Max penalty
Civil penalties up to $1.565M (individuals); criminal liability for victimisation
Summary
Part 9.4AAA of the Corporations Act (and Pt IVD of the Taxation Administration Act 1953) provides legal protections for whistleblowers reporting misconduct in corporations. Public companies, large proprietary companies and corporate trustees of registrable superannuation entities must have a written whistleblower policy. Confidentiality and victimisation protections backed by significant civil and criminal penalties.
Enforced by
Source legislation
Entity types
Topics
Source: https://asic.gov.au/for-business/whistleblower-rights-and-protections/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.