Blowing the Whistle on This Festive Season – Revised Whistleblower Policies

ASIC has released Regulatory Guide 270 – “Whistleblower policies” to assist companies and other applicable entities in establishing their mandatory whistleblower policies. With eligible entities required to publish a compliant whistleblower policy before 1 January 2020, now is the time to consider whether your business policy meets ASIC’s standards. Any business that does not meet this deadline may face a fine of AU$ 12,600, with ASIC stating that it will be conducting surveillance activities to ensure compliance in accordance with its recently revised enforcement approach.

This article addresses the heightened requirements of ASIC’s Regulatory Guide 270 to enable you to ensure that your business' whistleblower policy complies.