The ALRC’s final report on corporate criminal responsibility is lengthy and there is a lot to absorb for Government and the business community. We have outlined our key areas to watch on the proposed reforms.
Against a poor record of corporate crime prosecutions in Australia, the ALRC was tasked with considering how existing laws could be reformed. The ALRC has moved away from some more radical proposals in its 2019 discussion paper, though key reforms are still proposed. While Covid-19 was not a driver in the ALRC’s thinking, this is aligned with the more temperate climate around corporate regulation this year. Simpler, clearer and more consistent regulation is a recurring theme.