Public Service Announcement from the Australian Government

Categories: Business Updates

Date: 18 Jun 2014

It is a criminal offence to bribe a foreign public official.

The offence applies to:

•Individuals or companies, whether or not they are Australian, who bribe or attempt to bribe a foreign public official while in Australia, and

•Australian citizens, Australian residents or companies incorporated in Australia who bribe or attempt to bribe a foreign official while overseas.

•Individuals or companies that commit the offence can be prosecuted in an Australian court.

The maximum penalty for individuals found guilty of bribing a foreign public official is 10 years imprisonment and/or a fine of $1.7 million. The maximum penalty for companies is a fine of $17 million or three times the value of benefits obtained through bribery, whichever is greater. If the value of benefits obtained through bribery cannot be ascertained, the maximum penalty is a fine of $17 million or 10% of the annual turnover of the company and related bodies corporate, whichever is greater. Proceeds of foreign bribery can also be forfeited to the Australian Government.

The high penalties for foreign bribery reflect the seriousness of the offence. Corruption shrinks the global market for Australian exports and investment. It undermines fair competition, and can have disastrous consequences for developing economies.

For more information, please see the information leaflet on this link: Anti Bribery Flyer

Leave a Reply

Your email address will not be published. Required fields are marked *