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Ahead of the adoption of the new whistleblower protections, one aggregator is getting ahead of the game by partnering with an out-of-house whistleblowing specialist.
Loan Market, which boasts a network of more than 1,500 brokers across Australia and New Zealand, has enlisted Your Call to enable its entire network to raise workplace concerns through an externally managed platform.
The move comes ahead of Parliament passing new laws as part of the Enhancing Whistleblower Protections Bill. This demands three amendments to the Corporation Act and Taxation Administration Act that, among other things, requires large companies to devise and adapt whistleblower policies.
Loan Market COO Stephen Scahill said, “We know the change is coming, but why wait?
“We support the intentions of the bill and believe it will have a beneficial influence on workplace culture throughout Australia.”
The legislative changes are designed to afford to the same protection for corporate whistleblowers when speaking to the media, as when speaking with their own employer or the corporate regulator.
The intent is to “shield whistleblowers from victimisation” and make it easier for them to seek compensation thought the courts.
Although new legislation is yet to come into effect, the partnership with Your Call will allow Loan Market employees and franchisees to raise concerns through the platform, which is already live.
“We’ve always been supportive of our members. When our brokers say they can communicate freely and candidly with Loan Market’s corporate team, I regard that as a product of the inclusive and supportive culture the corporate team sets and advocates,” Scahill added.
