Shana Schreier-Joffe, Consulting Principal at Keypoint Law, has warned general counsel of large or publicly listed companies they must have a whistle-blower policy in place, as of January this year.
Schreier-Joffe says if large organisations do not have this, they may be in breach of the Corporations Act 2001 (Cth) as of January 2020. She strongly advises all organisations to put in place whistle-blower policies.
“Whistle-blower legislation doesn’t just apply to the big organisations; it applies to every organisation. I think that some of the smaller businesses don’t get that,” says Schreier-Joffe.
Schreier-Joffe acknowledges that whistleblowing is not entirely new, however the reformed legislation makes it applicable to all businesses – therefore it is imperative to be across the law.