Knowledge Item Details

Submission on Whistleblower protections

Description: IIA-Australia has lodged a submission in response to reviews of the Public Interest Disclosure Act and the Corporations Act of Whistleblower protections expressing our belief that the current framework for protection of whistle-blowers requires a re-think particularly because of gaps in the Corporations Act 2001. One of the areas Australian Securities and Investment Commission (ASIC) must urgently review is the issue of qualified privilege. Currently, an external auditor who makes a report to ASIC has qualified privilege (protection from proceedings for defamation).

But it is internal auditors who are also likely to be aware of serious wrongdoing, and be a conduit for whistleblowers, but it’s not clear they attract qualified privilege in the Corporations Act.
Keywords: Whistleblower, Corporations Act 2001, Australian Securities and Investment Commission (ASIC)
Date Published: 01-Feb-2017 Resource Type: Submission                Author/Publisher: IIA-Australia