BROAD CHANGES PROPOSED TO AUSTRALIA’S CORPORATE CRIMINAL RESPONSIBILITY REGIME

On 22 September, an article from Linklaters says that the Australian Law Reform Commission has published a landmark report on the country’s corporate criminal responsibility regime which proposes an ambitious reform agenda to recalibrate the role that criminal law plays in the overall regulation of companies and better align corporate liability with corporate culpability. While some of the proposed reforms draw inspiration from the UK and US corporate criminal regimes, others are novel and may be of interest to policymakers in other jurisdictions.  It says that the ALRC identified several key shortcomings of Australia’s corporate criminal responsibility regime and made 20 recommendations.  The article notes that the government is reviewing the report but is under no statutory requirement to provide a formal response and will decide whether to implement the ALRC’s recommendations, in whole or in part, according to its own timeline.

https://www.linklaters.com/en/insights/blogs/businesscrimelinks/2020/september/broad-changes-proposed-to-australia-corporate-criminal-responsibility-regime

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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