The Federal Government has announced and invited submissions on a proposal for a deferred prosecution agreement scheme to be introduced in Australia and proposed amendments to the foreign bribery offence.
The Crimes Legislation Amendment (Proceeds of Crime and Other Measures) Bill 2016 received Royal Assent, with significant implications for Australian companies and their foreign subsidiaries’ anti-bribery compliance programs.
A Bill before the Commonwealth Parliament, if passed, will see Australia’s anti-bribery laws strengthened with a new books and records offence of intentional or reckless false dealing with accounting documents.