Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

How the latest round of changes to whistleblowing laws impact you


New whistleblowing laws have passed Parliament, affording significantly more protections to consumers looking to call out misconduct.

The new legislation will see a single strengthened whistleblower protection regime for the corporate, financial and credit sectors and create a new protection regime for reporting tax misconduct from 1 July 2019.

Broadly, the reforms expand the definition of a whistleblower to include both current and former employees, officers and contractors, as well as their spouses and dependants, and anonymous disclosures.

The new regime will also enhance protections for whistleblowers and provide remedies if they suffer losses.


New civil penalty provisions, in addition to the existing criminal offences, for causing detriment to (or victimising) a whistleblower and for breaches of confidentiality will be created.

All public companies, large proprietary companies and corporate trustees of registrable superannuation entities are now also required to have a whistleblower policy within six months of the commencement of the new regime.

Further, the new tax whistleblower regime is intended to encourage individuals to disclose information to the ATO on tax avoidance behaviour and other tax issues that previously carried no such legislative protection.

“These reforms will help ASIC to perform our important regulatory role by encouraging people who have observed misconduct to come forward,” said ASIC executive director Warren Day.

“They complement the measures we have put in place since 2014 to improve our processes for assessing whistleblower reports and communicating with whistleblowers during our inquiries.”

ASIC’s Office of the Whistleblower will oversee the implementation of the reforms when they commence from 1 July 2019.

How the latest round of changes to whistleblowing laws impact you
nestegg logo
subscribe to our newsletter sign up
Recommended by Spike Native Network
The Patriot - It seems madness to lower interest rates when we know that we will need room to drop later as the economy slows on back of China slowing. If wages do.......
Anonymous - Does the RBA think?....
Anonymous - Bloody mad. Much cheaper and better and more fun to learn to cook for yourself. And, if you are time pressed, a crockpot set up the night before and.......
Anonymous - The RBA seems to think more expensive land is prosperity. Not for the landless!....