● The political, financial stability and corruption risks in Australia or any other selected country.
Australia has a system of government based on liberal democratic values of freedom of speech, religion and association and the rule of law. political, legal and Australian regulatory compliance, similar to the UK, US and many other democratic countries.
1901 Australian Constitution established a federal system of government. Under this system, a decentralized government. (Commonwealth) and six states, two regions - the Australian Capital Territory and the Northern Territory - with more limited powers; There are also a number of foreign territories, the most important is the Norfolk Island and the Australian Antarctic Territory. Parliament …show more content…
(China) after the big wave of investments in the mining and natural gas. However, heavy rains in commodity prices in recent years have reduced the revenue flow from the resource sector battered. Housing construction is strong and healthy services. GDP growth running at 3.1% in the year to March 2016 interest rates fell to record lows (1.5% as of August 2016) to stimulate the domestic economy and allows engineers to grow from. There are a few resources for non-mining economy.
The change is slow and fragmented Victoria and NSW, the two largest countries in the region with the best performance, while the rich natural resources of the states of Western Australia and Queensland have slowed.
According to the Criminal Code Act 1995 it is a criminal offense to offer benefits that are not legitimate, because it has no intention to influence foreign public officials. The benefits are not confined to financial payment and take other forms, further, that it is not necessary to prove the direct provision of any formal matters - the use of intermediaries will be enough. The law applicable will be considered as illegal outside the territory. This means that they participate in all activities outside Australia may still be punishable under Australian law.
Many other countries also have laws that prohibit bribery outside forces, including the US, UK and other EU countries, so the risk for anyone to engage in bribery or corruption occurs beyond. But under Australian law but
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In the Australian constitution the Queen holds the executive power and also has legislative power. The Governor General is appointed by the Queen and is also the commander-in-chief. Another difference between the two countries is the Australian judicature. The High Court of Australia does not have the power of judicial review. Ultimately, in Australia the parliament and the prime minister have the complete power.
Australia has been federated for 114 years, yet we still don’t have our own head of state. Yes, we have a head of state in the form of a Governor General, but this person does not represent the views of the Australian people, but rather serves as the representative of the Queen. A Queen that will never be a true Australian.
Australia’s form of government has been described as a constitutional monarchy, in which the queen of England is the nominal head of state. In the federal government, power rests with the elected political party that holds the majority in the House of Representatives. The leader is the prime minister. The Senate consists of 76 members who are elected every six years. The House of Representatives has 147 members and they face elections every three years. Any laws that involve changes to the Constitution must be decided by a referendum in which the country’s citizens are called to vote on whether or not they want such changes to take place.
To determine whether s 35P(1) or (2) of the Australian Security Intelligence Organisation Act 1979 (Cth) applies to your conduct, the information disclosed in your article ‘AFP Bribery Scandal’ must satisfy the criteria of these sections. It is likely that the article will constitute an ‘unauthorised disclosure of information’ and as such she will be prosecuted under s 35P(1) and (2) of the Act. To provide you with the most conclusive advice possible, it would still need to be determined if the Act provides any leniency for those who at the time of disclosure, did not realise the information related to an ‘ASIO employee or affiliate.’
The case above is a classic example of bribery that usually exist in the public service. Jan (company director) offered a bribe to Turagacati (a public official) of FJ$110,100 and also allegedly lodged false invoices and by-passed certain procedures in order to obtain an advantage of about $3.1million. Turagacati should have checked his previous records to see if payments were done or not on the 14 payment vouchers, which has been the course of this trial (Fiji Sun, 2015).
Corruption is rare in Australia. It stands one of the least corrupt nation in the world. Because of well-functioning and independent judiciary, transparent regulatory climate. Recent high-profile corruption scandals involving Australian public officials, most notably in the border protection services and the procurement sector
Currently china is more dependent on the exports and so many parts of the world are facing recession so that the overall Chinese growth will decline.
Australia is an Oceanian nation containing the territory of the Australian landmass, the island of Tasmania, and various littler islands. It is the world 's 6th biggest nation by aggregate region. Neighbouring nations incorporate Papua New Guinea, Indonesia and East Timor toward the north; the Solomon Islands and Vanuatu toward the north-east; and New Zealand toward the south-east.( reference "Constitution of Australia". ComLaw. 9 July 1900. 5 August 2011 ) The central government is isolated into three branches:
The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was in November 1997 and it was ratified and implemented through the Act No. 300 of 29.9.2000 in October 2000. Additionally, the OECD introduced Article 322-bis which made it illegal for any individual to bribe a foreign public official. This included the act that will benefit the individual or their organization/business. This issue is that the government has not been able to complete subdue the acts of bribery and corruption. Their attempts have been ineffective as it is integrated in their culture.
Year 2011 UK Bribery Act of 2010 leads many organisations to re-evaluate their anti-corruption program, even do companies that have general policies and procedures to comply with the UK Bribery Act [Kenneth Clarke. (2011)]. This Act not only covers bribery of UK government officials but it also cover
There are several types of visas provided by the Australian government. The tourist visa is an electronic visa that is easy to obtain. Tourists can apply online or by phone for the visa, which is not expensive. However, not all countries are included in this visa regime (Visas Australia, 2008). Therefore, it is important that tourists inform themselves before visiting the country.
The Foreign Corrupt Practices Act is enforced by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). The Department of Justice has a special unit call FCPPA that is within the Criminal Division’s Fraud Section. They have criminal enforcement authority of the business issuing the bribery. They also have criminal and civil enforcement that has power over domestic issues for the Foreign Corrupt Practices Act anti-bribery department. The Department of Justice also has a website that’s just for the Foreign Corrupt
In today’s competitive and modern world of business, it is very significant for companies and firms to conduct some of their business activities internationally. In order to stop fraud and illegal activities from happening there are a few acts and documents that have been enabled. The Foreign Corrupt Practices Act (FCPA) is a law that congress primarily passed in 1977. This act prohibits businesspersons from bribing foreign officials to secure advantageous contracts. The United States also regulates payments to foreign officials. Giving cash or kind benefits to foreign government officials to obtain business contracts and other favors, this is actually often considered a normal practice to do. To reduce such bribery among representatives of the U.S. Corporations, Congress enacted the Foreign Corrupt Practices Act also known as FCPA in the year of 1977. The policy behind the FCPA was to combat the negative impact of bribery on free and fair market competition. The issue which led to the passing of the FCPA was the ethical problem in international business dealings which had to do with the legitimacy of some side payments being made to government officials. In the U.S. most contracts that are formed are formed within the private sector. This is different though in foreign countries because decisions on major construction and manufacturing contracts are made by government officials because of extensive government regulation and control over trade and industry. Side payments
As a manager working for a large Australian business corporation in the mining sector, situations often arise in negotiations with other countries that are unethical by Western cultural standards. In this situation, negotiations with another manager from the Asian mining sector have reached some hurdles, and information has been received that giving the Asian manager an expensive gift will secure the business contract, as is accustomed in many Asian countries (Han Fan, Woodbine, Scully, 2012). This particular situation is classified by Australian law as bribery and as such poses both a legal and ethical dilemma to the manager in charge of making this decision (Pedigo, Marshall, 2009). In order to ensure that an ethically sound outcome is