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ASIC looks at exempting small NFP from whistleblower policy

New laws will require companies to have a whistleblower policy in place for their employees by New Year’s Day, revealing how they will support them and handle their complaints.

The Australian Securities and Investment Commission is calling for public submissions about the new laws.  ASIC is also looking for feedback on exempting public companies that are small not-for-profits or charities from being required to have a whistleblower policy.

“We are seeking views on whether this would minimise the risk of a disproportionate regulatory burden on these small not-for-profits and charities,” Commissioner John Price said.

The public consultation closes on September 18.

To view the Third Sector article in full, click here.

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