Queensland Law Society

19-205MR ASIC consults on new guidance for companies on whistleblower policies

ASIC is calling for public input on its proposed guidance on the new legal obligation on companies to implement a whistleblower policy.

Public companies, large proprietary companies and corporate trustees of registrable superannuation entities must implement a whistleblower policy and make it available to their officers and employees by 1 January 2020. This requirement was introduced as part of the reforms to the corporate sector whistleblower regime that commenced on 1 July 2019. ASIC also seeks feedback about exempting public companies that are small not-for-profits or charities from the requirement to have a whistleblower policy.

View 19-205MR here including the Consultation Paper and Regulatory Guide. Please provide your feedback by Friday, 30 August 2019.