The much anticipated National Anti-Corruption Commission Bill 2022 (Bill) has now passed both houses of the Australian parliament, with the prime minister looking forward to seeing the National Anti-Corruption Commission (NACC) established by mid-2023[1].
As discussed in our last article, the NACC will have broad powers to investigate public sector corruption both retrospectively and prospectively. The final form of the bill largely reflects the initial first reading draft legislation with a few notable changes:
We expect to see the NACC established in mid-2023. Businesses should start preparing now and plan to include the new NACC laws in contract risk assessments and internal training on issues such as whistleblower protections in Australia and their response to unannounced government visits (dawn raids).