Contact: Audine Bartlett, Senior Associate; Carter Newell (Queensland, Australia)
As of 1 March 2016, Australia is a step closer to addressing legislative gaps identified by the Organisation for Economic Co-operation and Development (OECD) with respect to Australia’s anti-bribery obligations under international law.
The OECD has previously noted that Australia’s existing laws either do not apply in a wide enough range of circumstances to properly criminalise false accounting in the context of paying bribes, or do not apply adequate sanctions.
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