By 1 January 2020, public companies, large proprietary companies and proprietary companies that are trustees of a registrable superannuation entity must have a whistleblower policy.  It will be a criminal offence if a company that must have a whistleblower policy does not have one. 

To assist companies comply with their obligations with respect to whistleblower policies, ASIC have just released Regulatory Guide 270 which is available on ASIC’s website - please click here to access a copy of the Regulatory Guide.

For further information on the requirement to have a whistleblower policy, please see our August 2019 article - Sierra Legal Article, or ASIC’s recent media release with respect to regulatory guide 270 - ASIC Media Release.

If you need any assistance preparing a whistleblower policy by 1 January 2020 please do not hesitate to contact a member of the Sierra Legal team - https://www.sierralegal.com.au/team.