Volkswagen’s diesel crisis: Are you prepared for a business disruption-related risk event?

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?

6 October: Workplace Relations Update for Executives On-the-Go

In this edition: Tackling the 2015 Rugby World Cup in the workplace; The Fair Work Commission urges workers to make bullying claims through alternative channels; and Compensation for unfair dismissal reduced by one third due to ‘significant and repeated misconduct’. Tackling the 2015 Rugby World Cup in the workplace The Rugby World Cup is upon … More 6 October: Workplace Relations Update for Executives On-the-Go

21 September: Workplace Relations Update for Executives On-the-Go

In this edition: Cyberbullying and the workplace: do you have policies and training in place?; Employee’s child sexual offences justified school’s termination of employment Court of Appeal overturns $2.2 million Workers’ Compensation payout. Cyberbullying ‘at work’ and what it means for employers Recent research produced by Edith Cowan University in Western Australia emphasises the importance … More 21 September: Workplace Relations Update for Executives On-the-Go

ASIC fires compliance warning at responsible entities and superannuation trustees

ASIC has fired a warning to responsible entities (REs) and superannuation trustees highlighting various compliance issues following recent surveillance activities. Perhaps most importantly for REs, ASIC found notable concerns regarding: the adequacy of internal processes; failures to comply with established internal procedures; inconsistencies between funds’ governing documents and internal policies; and inadequate record keeping to … More ASIC fires compliance warning at responsible entities and superannuation trustees

Financial Services Update: Fraudulent services provided by AFSL holder lead to tragedy

In this edition: Fraudulent services provided by AFSL holder lead to tragedy; Sustainable investments are more important than ever; and September is the last month for transitional arrangements for financial adviser register. Fraudulant services provided by AFSL holder lead to tragedy In June this year, the Executive Chairman of Oceanic Asset Management (OAM) David Jones … More Financial Services Update: Fraudulent services provided by AFSL holder lead to tragedy

ASIC identifies key risks for business in 2015-16 

While the ASIC Corporate Plan for the next 3 years may not be everyone’s page-turner, the Plan contains important issues affecting all businesses. This blog highlights the key risks ASIC identified in their Corporate Plan 2015-16 to 2018-19 (Plan), which should act as a road map of emerging risk and compliance issues which all organisations … More ASIC identifies key risks for business in 2015-16 

24 August 2015: Workplace Relations Update for Executives On-the-Go

In this edition:  Fair Work Commission issues another (rare) ‘stop bullying’ order; ‘Repair, Not Replacement’: Productivity Commission  Draft Report; and  Employee unsuccessful in compensation claim following party held at    employer’s premises Fair Work Commission issues ‘stop bullying’ order The Fair Work Commission (FWC) has issued another of its very rare ‘stop bullying’ orders, a … More 24 August 2015: Workplace Relations Update for Executives On-the-Go

Financial Services Update: Don’t be afraid of breach reporting

In this edition: Dont be afraid of breach reporting; ASIC enforcement report; and New digital disclosure measures.   Don’t be afraid of breach reporting ASIC Commissioner Greg Tanzer has emphasised that financial services firms should not be fearful of reporting breaches. In fact, the Commissioner has said that ASIC understands that it is normal for … More Financial Services Update: Don’t be afraid of breach reporting

New compliance standard: AS/ISO 19600:2015

The ISO 19600:2014 Compliance Management – Guidelines (ISO 19600) has now been adopted in Australia as AS/ISO 19600:2015 (AS/ISO 19600). The Australian Standard was approved on behalf of the Council of Standards Australia on 2 June 2015 and it was published on 22 June 2015. AS/ISO 19600 replaces the former Australian Standard for Compliance AS 3806:2006 … More New compliance standard: AS/ISO 19600:2015

28 July 2015: Workplace Relations Update for Executives On-the-Go

Criminal charges cleared against an Officer for alleged WHS breaches In a blog last year we wrote about the first charges to be laid against an ‘officer’ under the harmonised Work Health and Safety Act 2011 (WHS Act) in relation to a workplace incident that occurred in 2012. In an important development, the charges against Mr al-Hasani as an … More 28 July 2015: Workplace Relations Update for Executives On-the-Go