Whistleblowing
Whistleblowers play an important role in identifying and calling out misconduct and harm to consumers and the community. To encourage whistleblowers to come forward with their concerns and protect them when they do, the听Corporations Act 2001 (Corporations听Act) gives certain people legal rights and protections as whistleblowers.
From 1 July 2019, the whistleblower protections in the Corporations Act have been expanded to provide greater protections for whistleblowers. This includes requiring public companies, large proprietary companies, and corporate trustees of APRA-regulated superannuation entities to have a whistleblower policy from 1 January 2020.
Summary of the corporate sector whistleblower protection regime
Protections for corporate sector听whistleblowers
Whistleblower protections for not-for-profit organisations
Information for whistleblowers
We value the people from inside companies and organisations who come to ob体育 with reports of potential misconduct or breaches of the law. Whistleblowers provide ob体育 with important information and help us enforce the laws we administer and address and prevent harm to consumers. We take the听concerns whistleblowers raise with us seriously.
ob体育 has released two information sheets for people to understand who is eligible to access the whistleblower rights and protections under the Corporations Act and how we will respond to reports of misconduct from whistleblowers.
- Information Sheet 238 Whistleblower rights and protections (INFO 238)
- Information Sheet 239 How ob体育 handles whistleblower reports (INFO 239)
Information for companies, company officers and company auditors
Company officers, company auditors, and other senior people within companies have obligations under the Corporations Act if they receive a report from a whistleblower. Unless these people handle the whistleblower report correctly, they may breach the听Corporations Act obligations.
The whistleblower protections include criminal offences and civil penalties for a person causing or threatening to cause听detriment to a whistleblower or breaching a whistleblower's confidentiality, including during an investigation into the whistleblower's concerns.
Read about your obligations under the whistleblower protection provisions:
- Information Sheet 246 Company auditor obligations under the whistleblower protection provisions (INFO 246)
- Information Sheet 247 Company officer obligations under the whistleblower protection provisions (INFO 247)
Handling whistleblower disclosures
Public companies, large proprietary companies, and corporate trustees of APRA-regulated superannuation entities must now have a whistleblower policy. Among other things, the law requires the whistleblower policy to include information about the legal protections available to whistleblowers, and how a company will investigate whistleblower disclosures and protect whistleblowers from detriment.
ob体育 has released Regulatory Guide 270 Whistleblower policies (RG 270) to help companies and other entities establish a whistleblower policy that complies with their legal obligations. It also contains our good practice guidance on implementing and maintaining a whistleblower policy.
Even if your company is not required to have a whistleblower policy under the law, we encourage you to put in place arrangements for handling whistleblower disclosures. This can help your company comply with the obligation to preserve whistleblowers鈥� confidentiality and protect whistleblowers from detrimental conduct. These arrangements may form part of the governance arrangements for your company. RG 270 may also assist entities that are not required to have a whistleblower policy but are required to manage whistleblowing in accordance with the Corporations Act.
Related links
is a Griffith University research project looking at improving managerial responses to whistleblowing in public听and private sector organisations.
| Listen to a with former ob体育 Commissioner John Price. |
You can also read his speech on encouraging whistleblowers.
