Improving protections for corporate whistleblowers

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26 October 2009Information from whistleblowers can make an invaluable contribution to protectng investor interests and preserving market integrity, but they need to be shielded from the risks they face in coming forward. This paper examines possible reforms to current protections.

This paper sets out a range of concerns in relation to existing protections under Part 9.4AAA of the Corporations Act 2001 along with options for reform and questions which are designed to focus the discussion. It is preferred that you address the focus questions in indicating the option(s) you believe to be best. There is also an additional issue on which the Government is seeking feedback. Comments in relation to this and/or any other concerns you may have with the current framework are welcome.

Several of the potential reforms also relate to the whistleblower protections provided by the banking and insurance prudential legislation. However, as these provisions are relatively recent, broad changes to the protections offered by these Acts are not anticipated.

Image: hughelectronic / Flickr

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