The Risk Agenda

A twice-yearly summary of risk issues we are discussing with audit committees, chief risk officers and other business leaders.

Managing risk and complexity

Managing risk and complexity
Managing risk and complexity is a challenge to most boards and business executives.
The Risk Agenda banner

Measures against bribery and corruption 

Australian businesses with international operations should be reviewing their anti-bribery and corruption arrangements given the wide reach of the UK Bribery Act which came into force in July 2011, and now that the Australian government's is considering whether to remove the facilitation payments defence in the Criminal Code.

Facilitation payments are relatively small amounts paid to speed up the provision of a routine service. The proposed prohibition on facilitation payments, if adopted, would mean Australia’s anti-bribery laws would be aligned more closely to the UK Bribery Act which does not allow a defence for facilitation payments.

 

KPMG understands that the Australian Government is currently considering submission following public comment on the proposed changes.


Removal of the facilitation payment defence means that businesses would no longer be able to legally make such payments. Although some businesses have now explicitly banned staff from making facilitation payments, those that have not should review their anti-bribery and corruption framework and consider the practical implications in order to prepare for this possible change.

 

Further, organisations that ban facilitation payments either as a result of overseas anti-bribery legislation and/or internal policy, should consider their approach to embedding and monitoring the effectiveness of these arrangements.


While this matter is being clarified, organisations should understand their obligations and the risks they face both domestically and internationally as our government takes an increasingly active role in fighting corruption globally.

 

Related media release

 

David Luijerink

David Luijerink
Partner, Forensic

+61 2 9455 9533

dluijerink@kpmg.com.au