Mercedes

A- A A+

Australian whistleblowers could get access to bounties worth millions

The Age  |  22 June 2017  |  News

Mercedes

 

 

 

 

 

 

 

 

The Turnbull government is considering a bounty-style reward worth millions of dollars for those who blow the whistle on corruption or unethical behaviour at the hands of multibillion-dollar corporations.

Finance Minister Kelly O'Dwyer will on Friday announce measures intended to tighten legislation to give compensation to whistleblowers to stop their "unacceptable treatment" following a series of damning Fairfax Media investigations into the banking and service sectors.

 In the past two years, whistleblowers have led to the exposure of worker exploitation at 7-Eleven, lifted the lid on the financial planning practices of the Commonwealth Bank and its insurance arm CommInsure, helped investigate widespread tax evasion and exposed systemic financial misconduct at the NSW RSL.

Read More: http://www.theage.com.au/federal-politics/political-news/australian-whistleblowers-could-get-access-to-bounties-worth-millions-20170622-gwwbi3.html

 

 

Mercedes


Similar articles from News

Interest rate risk for under-40s as debt burdens

SMH | 8/1/2017

The average mortgage burden on home owners aged under 40 doubled between 2002 and 2014 leaving them especially vulnerable to rising interest rates, a leading household survey shows.

The latest instalment of the respected Household, Income and Labour Dynamics in Australia (HILDA) Survey, released on Wednesday, demonstrates how high house prices are affecting the lives of young people in Australia's big cities.


Adani loan too much of a risk for taxpayers

SMH  | 7/31/2017

A $1 billion concessional loan to the controversial Adani Carmichael mine project in Queensland's Galilee Basin could expose taxpayers to a high risk of losing their money, according to an independent business analysis.


Huge queues at Sydney Airport's T2 terminal as terrorism security increased

SMH  | 7/31/2017

Huge queues of people snaked out Sydney Airport's domestic terminal T2 on Monday morning as passengers experienced lengthy waits to check in to their flights.

Crowds also gathered in the baggage claim area with the wait attributed to extra security after an alleged plot to bring down a flight was uncovered.


Grill'd under fire for wage theft

Kelly Hughes  | 7/27/2017

In 2015, Australian fast food burger chain Grill’d was investigated for wage underpayment and hiring staff on outdated employment agreements.

The scrutiny came when former Melbourne Grill’d employee Kahlani Pyrah took the company to court, over allegations she was being paid below the award wage and was unfairly dismissed.


Wage fraud will continue until politicians stop it. They can – but will they?

The Guardian  | 7/27/2017

Following yet another wage fraud scandal – this time at restaurant chain, Dainty Sichuan – a recent newspaper editorial contended that, “Further layers of workplace regulation are not the solution to wage fraud.” Instead, it argued in favour of stronger enforcement of existing laws. The editorial could not be more wrong.


 

Subscribe

Subscribe to the Personal Super Investor weekly email to keep abreast of developments in SMSF law and investment markets. SMSF investors looking to improve investment returns from shares, property, cash or other specialised investments, will find the PSI weekly newsletter an invaluable resource.

Subscribe now »

Mercedes