Possible NFP whistleblower exemption
Dan Wade • December 10, 2019
AUDIT UPDATE - POSSIBLE NFP WHISTLEBLOWER EXEMPTION
The Australian Securities & Investments Commission has been in consultations on proposed guidance for companies on new legal obligations regarding whistleblower policies.
ASIC sought feedback on exempting public companies (companies limited by guarantee) that are small NFPs or charities from the requirement to implement a whistleblower policy. It also sought to know the most appropriate threshold that should apply.
From 1 July 2025 , interest charges applied by the Australian Taxation Office (ATO) are no longer tax deductible .
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