In this edition: Worker awarded $1.36 million in damages following abuse, bullying and sexual harassment; Company breaches privacy laws by unlawfully obtaining and distributing tax file number; Employers allowed to spy on workers’ personal emails in Europe; and Don’t treat employees’ safety breaches differently: Fair Work Commission. Worker awarded $1.36 million in damages following … More 4 April: Workplace Relations Update for Executives On-the-Go
In this edition: ACE Insurance Ltd’s Enforceable Undertaking; ANZ’s One Path failures; Conflicts Management in Funds Management- ASIC Report; and ASIC’s focus on culture. ASIC’s Culture Club For the past year, ASIC has been talking about compliance culture, or the lack of, in our finance services industry. Recently, we have started to see the results … More The Spotlight is on Compliance Culture: What does it mean and the cost if you get it wrong
The 31 March deadline for the submission of your section 47 anti-money laundering and counter-terrorism financing (AML/CTF) compliance reports to AUSTRAC is fast approaching. This year, you will notice a new question, No 23, being asked: “Have you amended your AML/CTF program to meet the customer due diligence requirements that came into effect on 1 June … More AML/CTF Compliance Reporting: Have you amended your AML/CTF program to meet the updated customer due diligence requirements?
In this edition: Advertising continues to be in ASIC’s surveillance spotlight; ASIC releases consultation paper on retail client review and remediation programs and update to record-keeping requirements; and ASIC enforcement reminder: the importance of not deleting emails. Advertising continues to be in ASIC’s surveillance spotlight – AFS Licensees beware! Keen readers of ASIC publications … More Financial Services Update: Advertising continues to be in ASIC’s surveillance spotlight
In this edition: Australia Post liable after ‘no real follow-up’ on discriminatory behaviour in the workplace; Fair Work Commission publishes Annual Report 2014/2015: 352% rise in anti-bullying applications; and Worker’s dismissal was harsh and unjust despite failing a breathalyser at work. Australia Post liable after “no real follow-up” on discriminatory behaviour in the workplace Australia … More 21 December: Workplace Relations Update for Executives On-the-Go
In this edition: ASIC accepts enforceable undertaking from J. P. Morgan regarding failure to comply with disclosure requirements; and Misleading and deceptive conduct targeted by ASIC. ASIC accepts enforceable undertaking from J. P. Morgan regarding failure to comply with disclosure requirements Three J.P. Morgan foreign financial service providers have together proposed an enforceable undertaking (EU) … More Financial Services Update: ASIC accepts enforceable undertaking from J.P. Morgan regarding failure to comply with disclosure requirements
The Australian Institute of Company Directors (AICD) has published its 2015 NFP Governance and Performance Study (Study), which contains numerous interesting insights into the operation of boards in the NFP sector. The study was based on the findings of a survey which received over 2,750 responses from current non-executive directors of NFPs. The study also involved … More Study shows financial sustainability remains key issue for not-for-profit directors
In this edition: Fair Work Commission finds defriending on Facebook can contribute to workplace bullying; More than $20,000 in penalties awarded for an employee’s $181 loss; and Gender pay gap measure proposed for Fair Work Act. Fair Work Commission finds defriending on Facebook can contribute to workplace bullying While defriending a colleague on Facebook won’t … More 30 October: Workplace Relations Update for Executives On-the-Go
The Federal Government has issued its response to the final report of the Financial System Inquiry led by David Murray, which was published in December 2014 (the Report). The Government has accepted all but one of the Report’s recommendations and has created a timeline for the enforcement of key goals. The only recommendation rejected by … More Resilience, efficiency, innovation and fairness: The Federal Government responds to the Murray Report
As the Volkswagen ‘diesel scandal’ continues to unfold, taking corporate scalps as it goes, its consequences starkly demonstrate the old adage that an organisation’s reputation can take decades to build but a moment to destroy. While Volkswagen’s crisis management response has been praised by some as a ‘textbook’ response, this praise is in the context … More Volkswagen’s diesel crisis: Are you prepared for a business disruption-related risk event?