âI have to tell my children and my 19 year old autistic son that we have to sell the house to continue fighting this,â Mr Stolz said. Age and The Sydney Morning Herald.
âThey want to use the court system to run out of money. They are using the ClubsNSW money against me which is supposed to be for the betterment of the industry.
âI never thought I would have to sell my house for reporting criminal activity in clubs. I feel like I’m alone. “
A spokeswoman for ClubsNSW said in a statement that they intended to enforce the costs order against Mr Stolz.
âMr. Stolz said he was entitled to whistleblower protection in this process. However, in the opinion of the ClubsNSW, it made no whistleblower disclosure under the law. “
As part of the 2019 reforms, laws to protect whistleblowers were extended to cover more employees in the corporate sector and workers were also given increased protection. The reforms included changes to protect the confidentiality of whistleblowers and prevent them from being threatened for their actions.
Commonwealth Bank whistleblower Jeff Morris said he was concerned about the erosion of protections in Mr Stolz’s case and the significant financial burden he now faces to defend the fallout from his disclosures .
âBusinesses don’t care if litigation is going anywhere – they are draining your resources and can tie you up in court for years. Finally, your morale must crack, âhe said.
âThis is the reality of the whistleblower reforms enacted by this government – whistleblowers being left to fend for themselves in a court system where the bridge is stacked against them.
“They are faced with this daunting prospect of hiring a company, which has unlimited funds, which, in practical terms, for most people, means putting their house on the market.”
Mr Morris also condemned the alleged dismissal of Amanda Ware, a senior risk executive at Westpac, who was fired just months after chief executive Peter King advised her to seek whistleblower protection.
The former Sydney-based chief risk officer last month filed a lawsuit against the bank, alleging that Australia’s second-largest bank fired it unfairly last November after raising a series of concerns regarding compliance and risk breaches with senior executives of the bank, including in a face-to-face meeting with Mr. King.
Westpac was ordered in September last year to pay $ 1.3 billion in penalties after admitting to breaking anti-money laundering laws and failing to stop child exploitation payments in what was the biggest fine in Australian business history.
Mr Morris said Ms Ware’s case shows Westpac’s promises to clean up their act were not kept.
“Assuming the allegations are correct, this is very worrying and shows that nothing has really changed,” he said.
âThis is not a shining example of getting people to come forward and it is a high price to pay for telling the truth. Ms Ware appears to have become a scapegoat for broader compliance issues. “
Ms Ware, formerly managing director of the bank and head of frontline risk for financial markets, claims loss and damage equivalent to five times her annual income of $ 750,000, as well as compensation for damage to reputation, humiliation , pain, suffering, stress and reduced employment prospects. .
In her statement filed in Federal Court last month, Ware also pointed to “compliance gaps in her capital markets division that were also prevalent in the rest of institutional banking and in the Westpac group.”
In a face-to-face meeting in March, Ms Ware alleges Mr King said she had “very clearly expressed a number of very serious concerns and should consider whistleblower protection,” documents say judicial.
In response, Ms Ware claims to have said, âWhy do I need protectionâ¦ am I not safe?
A senior lecturer in law at the University of Wollongong, Andy Schmulow, said Westpac’s actions show the bank has not changed the corporate governance practices that led them to the royal commission in the first place .
“What management should do is say, we can’t afford another billion dollar fine, and we can’t afford the scandal and reputational damage that comes with it,” he said. he declared.
âInstead, they told someone who was rocking the boat to get out. It is mind boggling.
âTo take these people and track them down, it says, ‘This is the end of your career at Westpac, think carefully, are you sure you want to do this? “”
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