On 18 October 2017, the Competition and Consumer Amendment (Competition Policy Review) Bill 2017finally passed both Houses of Parliament. Coupled with the Competition and Consumer Amendment (Misuse of Market Power) Bill 2017, it represents the most significant reform of Australian competition law in the past two decades.
The Parliamentary Joint Committee on Corporations and Financial Services has released its report on recommended changes to whistleblower protections in the corporate, public and not-for-profit sectors. If implemented, these recommendations would significantly increase the protections and rewards available for whistleblowers.
In the last week, there have been three reported matters which demonstrate the material consequences that Australian companies and individuals may face as a result of involvement in corrupt conduct.
Australia is considering whether to adopt modern slavery legislation, similar to that found in the United Kingdom (UK) and California.
We have summarized the results of the compliance studies of the past 12 months and summarized the results in this post. Find out how you measure up against the benchmark.
We are very pleased to present you the latest edition of our Global Overview of Anti-Bribery Laws Handbook, updated with detailed information about key legislative and enforcement activity in the anti-bribery and corruption sphere.
The Federal Government has announced and invited submissions on a proposal for a deferred prosecution agreement scheme to be introduced in Australia and proposed amendments to the foreign bribery offence.
Mandatory data breach notification laws have passed parliament. Baker McKenzie partner Patrick Fair explains how the laws will work and what they will mean for business.
Transparency International has launched its latest 2016 Corruption Perception Index. China’s ranking continues to improve, moving up by four places from last year’s rank of 83 to a rank this year of 79. Find out more about the other highlights.
Baker McKenzie has created a one of its kind Anti-Corruption Risk-Map. The risk maps provide information on primary anti-corruption legislation and enforcement agencies, offences, defences and penalties in 55 countries.