What is the NACC?
The National Anti-Corruption Commission (NACC)will have the power to investigate and publish findings in relation to corruption within the Federal public sector.
Importantly for the private sector, the NACC will have the power to investigate private people, and companies and their directors, officers and employees in relation to any conduct that does, or could, adversely affect the honest or impartial exercise or performance of a Commonwealth public official’s powers, functions or duties.
The NACC’s other powers include to commence investigations independently, to override legal professional privilege and privilege against self-incrimination in the process of compelling documents or oral testimonies, and to refer criminal matters to the AFP.
The powers of the NACC apply retrospectively, meaning investigations can be carried out on conduct which occurred prior to the Commission commencing operations on the 1 July 2023.
How do the NACC’s powers compare to the Tasmanian Integrity Commission?
Tasmania has its own anti-corruption commission, called the Tasmanian Integrity Commission. However, there are a few key differences between the Tasmanian Integrity Commission and the NACC to be aware of:
How to prepare for the NACC?
With the commencement of the NACC, it is important to ensure that anti-corruption policies and internal governance mechanisms are up to date and equipped to meet legal requirements. Here are some steps you can take to ensure your company conforms with best practices:
This article includes general information only and is not specific to your situation.
If you require assistance in relation to anything contained in this article including any specific incident, the review of existing policies or contracts, or the provision of employee training sessions, please contact us.
Is your business meeting the requirements of the Spam Act?
20/2/2024Read More →
The transaction will secure TFL a fully integrated poultry business
19/12/2023Read More →
Don't be caught out when the expanded scope and increased penalties under the Competition and Consumer Act begin.
1/11/2023Read More →
How can our team assist you?Contact Us