It is Santa's most important month of the year as he and his
elves work around the clock in preparation for Christmas. With his
naughty and nice lists just about finalised, Santa is dismayed to
have received a whistleblower allegation that Snowy, an
elf inside his Australian subsidiary ('Elfco'),
has been taking bribes to move children off the naughty list.
Recent amendments to the Corporations Act 2001 mean
that, with effect from 1 January 2020, Santa, through Elfco, has
expanded responsibilities and obligations in relation to
whistleblowers. This includes additional protections and legal
rights for whistleblowers, and all public companies and large
proprietary companies (who could doubt Elfco's status a large
proprietary company?) will be required to have a whistleblower
policy, with mandatory content. Santa operates under best practice
and has implemented his whistleblower policy ahead of the 1 January
2020 deadline.
