News and Analysis

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Whistleblowing legislation mooted by the Federal Government – 25 June 2017

The Federal Minister for Financial Services, Kelly O’Dwyer, spoke at a whistleblower summit hosted by the University of Melbourne Law School on Friday.  Ms O’Dwyer told the summit that the Government intends to introduce whistleblower protection legislation including provisions for paying compensation to people who blow the whistle on corporate corruption or unethical behaviour.  The initiative is similar to US legislation that sees between 10% and 30% of money collected in a case of corporate misconduct paid to the whistleblower.  

http://www.smh.com.au/business/the-economy/australia-not-yet-ready-for-usstyle-whistleblower-bounty-rewards-says-asics-john-price-20170623-gwx7ys.html

Deputy Commissioner of Taxation caught on telephone intercept – 22 June 2017

Michael Cranston who resigned as Deputy Commissioner of Tax on 13 June 2017 after being caught up in allegations of a $144 million tax fraud involving his son and his daughter was caught on a telephone intercept advising his son on how to deal with an investigation into the allegations.   The conversation with his son caught on audio recording was played to a criminal hearing in Sydney yesterday.

http://www.smh.com.au/business/michael-cranston-captured-in-phone-taps-on-144m-ato-tax-fraud-20170621-gwvlh7.html