TI Australia’s overall position with Australia’s foreign bribery regime is to ensure:
- Australia has laws and legal processes that enable it to implement fully its commitments under the OECD Convention, and
- The Australian Government devotes sufficient resources to actively enforce those laws.
- Australian companies that take compliance with foreign bribery laws seriously should not be at a disadvantage to those that do not. Accordingly, the Australian Government needs to actively encourage Australian companies to develop a corporate ‘culture of compliance’ and be active in adequately enforcing the foreign bribery regime to penalise non-compliant companies and associated individuals.