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Dob in a dodgy boss !!!

Discussion in 'General Property Chat' started by Skilled_Migrant, 18th May, 2016.

  1. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    It's really surprising that Australia does not have a compensation for dob in of dodgy corporate behavior. Sure the whistle-blowers act, ASIC act etc provides some protection, but not a financial incentive to compensate for the adverse career consequences.

    Something like USA (three different acts) would be ideal, where you get upto 30% of money collected. USA targets False claims, bribery, collusion, price gouging, share market fraud, tax fraud, which should be a good start.

    Would you dob in a dodgy boss for $3 million?

    Views for and against...
     
  2. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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    For 3mill, ken oath.
     
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  3. Connor

    Connor Well-Known Member

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    Would also have the potential to be exploited by disgruntled employees/ex employees and create a nightmare for legit employers. Especially if financial incentives are offered.
     
    Last edited: 18th May, 2016
  4. SirDingo

    SirDingo Well-Known Member

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    I think most employees would likely think twice before dobbing in a crooked boss if it meant that the company would fold and/or they would lose their job, livelihood and ability to pay their bills.

    I'm not sure about an "incentive" per say, but certainly some kind of compensation for loss of job/income may well encourage an employee to whistleblow on fraudulent behaviour.
     
  5. Biz

    Biz Well-Known Member

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    I'm all for it if bosses can once again use a whip ancient Egypt style. Fair trade off.
     
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  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    sorta like the would you like that quote with or without GST thing :(

    ta
    rolf
     
  7. Skilled_Migrant

    Skilled_Migrant Well-Known Member

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    The employees can just dob in. The matter will still be investigated by the appropriate regulatory body and money paid only when credible evidence is found.
     
  8. emza

    emza Well-Known Member

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    I worked for a place more than a decade ago that got taken down by three dodgy managers working together.

    Publicly traded company too, that took a share-price hit when that part of the business collapsed and then was sold off to a competitor at rock bottom prices.

    The competitor that coincidentally the three dodgy managers went to work for.

    If I had my time over, I'd have reported it in a heartbeat. Not only did everyone in that part of the business lose their jobs anyway (about twenty people), the company lost a few million in share price, the investors lost that money too and the hit to the business took years to recover from.
     
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  9. Ted Varrick

    Ted Varrick Well-Known Member

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    I'd be interested to hear how the ex-employees of Queensland Nickel feel one way or the other about the context of this thread.

    Purely hypothetically of course.