Original article by Nick McKenzie,{SPAC}Michael Bachelard,{SPAC}Richard Baker
The Australian Financial Review – Page: 1 & 8 : 29-Aug-16
Crossbenchers will seek legislative reforms to strengthen Australia’s laws on the protection of corporate whistleblowers. Financial Services Minister Kelly O’Dwyer has indicated that changes to the whistleblower regime are on the agenda. At present, Australian laws provide little protection for people who expose corrupt conduct. US laws allow whistleblowers to receive a percentage of any fine imposed on a company. A BHP Billiton employee has been paid $US3.75m ($A4.96m) under the Sarbanes-Oxley Act for exposing corrupt practices at the mining giant.
CORPORATES
AUSTRALIA. DEPT OF FINANCE,{SPAC}BHP BILLITON LIMITED – ASX BHP,{SPAC}UNITED STATES. SECURITIES AND EXCHANGE COMMISSION,{SPAC}AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION,{SPAC}AUSTRALIAN FEDERAL POLICE,{SPAC}AUSTRALIAN BROADCASTING CORPORATION,{SPAC}THIESS PTY LTD,{SPAC}CIMIC GROUP LIMITED – ASX CIM,{SPAC}AUSTRALIA. FAIR WORK COMMISSION,{SPAC}AUSTRALIA. DEPT OF DEFENCE,{SPAC}AUSTRALIAN LABOR PARTY