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.
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2021