ARTICLE · 21 DECEMBER 2019

It is a blow up: New whistleblowing policy requirements in effect from 2020

Hazelbrook Legal

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Updated laws will require certain companies to have in place a compliant whistleblower policy before January 1, 2020.

AustraliaEmployment and HR

Updated laws in the Corporations Act will require certain companies to have in place a compliant whistleblower policy before the 1st of January 2020.

ASIC has also provided explicit guidance on the new laws and on what it expects a policy to contain. The updated laws and guidance go beyond the existing regime, with a view to providing better whistleblower protections and processes than the legislation currently provides.

Given the new laws and associated guidelines, it is unlikely that existing whistleblower policies will comply with the new requirements. It is critical therefore that affected businesses put in place new or updated policies as a matter of urgency.

WHAT ARE THE NEW LAWS?

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