Since 2011, when the Dodd-Frank Wall Street reforms were passed to giving incentives to whistleblowers, the U.S. Securities and Exchange Commission (SEC) has received 39 whistleblower tip-offs from Australians. SEC’s Offiec of the Whistleblower statistics show that Australia has been one of its top foreign sources of tip-offs, ranking at least seventh for the past two years. Canada and the UK were by far the biggest contributors.
This revelation has caused experts to call for a major review of Australia’s private sector whistleblower laws. Critics argue that US-style rewards should be offered.
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Australian whistleblowers provide tip-offs for US scheme amid criticism of laws at home