Business
‘Rush to ASIC’: White-collar whistleblowers to get legal immunity – The Australian Financial Review
Employees who blow the whistle on serious white-collar crime will be eligible for immunity from legal action under a new policy announced by ASIC.
People found to have committed such offences face up to 15 years in jail and fines up to $1 million or three times the benefit of the contravention.
Mark Wilks, head of commercial litigation at Corrs Chambers Westgarth, said ASICs new policy could result in a race to the door of the corporate regulator, and could represent a shift in focus.
It may reflect ASICs intention to shift focus away from technical regulatory breaches and instead focus on serious criminal misconduct, he said.
Mr Hughes said…
-
Noosa News18 hours agoUnlawful wounding charges, Caloundra – Sunshine Coast
-
General20 hours agoCalifornia worker dead and hundreds arrested after cannabis farm raid
-
Business11 hours agoThis artificial intelligence (AI) and “Magnificent Seven” stock will be the next company to surpass a $3 trillion market cap by the end of 2025
-
General23 hours agoBreaking: Man shot at shopping centre in Sydney's west