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 Corporations Act 2001 (Corporations 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 will include 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

Whistleblower protections Q&A

Protections for corporate sector whistleblowers

Whistleblower protections for not-for-profit organisations

Information for whistleblowers

We value the people from inside companies and organisations who come to ASIC with reports of potential misconduct or breaches of the law. Whistleblowers provide ASIC with important information and help us enforce the laws we administer and address and prevent harm to consumers. We take the concerns whistleblowers raise with us seriously.

ASIC has release 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 ASIC 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 Corporations Act obligations.

The whistleblower protections include criminal offences and civil penalties for a person causing or threatening to cause 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 have a whistleblower policy from 1 January 2020. Among other things, the whistleblower policy must include information about the legal protections available to whistleblowers, and how a company will investigate whistleblower disclosures and protect whistleblowers from detriment.

ASIC has released Regulatory Guide 270 Whistleblower policies (RG 270) to help companies and other entities establish a whistleblower policy that complies with the 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. For those companies that are not required to have a whistleblower policy, our guidance in this information sheet may help you develop these whistleblower arrangements. 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

Whistling while they work is a Griffith University research project looking at improving managerial responses to whistleblowing in public and private sector organisations.

Innovation Hub Asic Website Rhn Icons Podcast Dark Purple Listen to a podcast on protecting whistleblowers with ASIC Commissioner John Price.

You can also read his speech on encouraging whistleblowers.

Whistleblowing

Guidance for company officers and company auditors on the whistleblower protection regime

30 June 2020

Information sheets to help companies, company officers and company auditors understand and comply with their whistleblower protection obligations

Whistleblower protections

Answers to common questions on the rights and protections for whistleblowers

Business ethics: New challenges, better theories, practical solutions
A speech by ASIC Commissioner John Price, 9 December 2019. John discusses the important role whistleblowing can play in fostering an ethical culture for business.

ASIC gives guidance on companies’ whistleblower policies and relief to small not-for-profits
Media release 19-308MR. 13 November 2019

Whistleblower protections for not-for-profit organisations, 29 May 2019

 


Whistleblowers and the Corporations Act

Corporations Act Whistleblowing

ASIC Executive Director Warren Day talks about whistleblowers and the important role they play in identifying and calling out misconduct and harm to consumers and the community.

Read the transcript

ASIC and whistleblowers

Asic Whistleblower Thmb

ASIC Executive Director Warren Day discusses when ASIC will act on whistleblowing information.

Read the transcript


Fair Work Ombudsman

You can contact the Fair Work Ombudsman if you would like to report someone who isn't complying with workplace laws or you need help in resolving a workplace issue.


Last updated: 30/06/2020 10:02