Literature Review: Bribery in Contemporary Business - Australian Mining and Construction

Assessment Task 1
Literature Review on “Bribery is a practice in contemporary business.”

ABSTRACT
According to the Organisation for Economic Cooperation and Development, it is essential to
curb the bribery in international business in order to reduce the poverty, strengthen
development and also bolster confidence in the market. The purpose of this assignment is
to review the literature on the topic “Bribery is a practice in contemporary business” while
focusing on the mining and construction industry in Australia. A total of 10 literature and
papers were reviewed in this assignment. It includes the international ranking of Australia in
corruption index alongside attitudes and behaviour of Australians towards the bribery in
Australia. Certain cases related to bribery in Australia were studied and also actions or
amendment in regulation done by the Australian government to combat bribery. A list of
references was added at the end.
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Table of Contents
ABSTRACT.................................................................................................................................1
INTRODUCTION........................................................................................................................3
LITERATURE REVIEW................................................................................................................ 4
Bribery in Australia...............................................................................................................4
Bribery cases in Australian business.....................................................................................6
Actions to combat bribery....................................................................................................9
CONCLUSION.......................................................................................................................... 11
REFERENCES........................................................................................................................... 12
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INTRODUCTION
Bribery is a form of corruption which typically occurs in the business when the
representative or the company offers monetary or financial consideration against any favour
or for manipulating the decisions of suppliers, partners and buyers. Australia ranks at 13th
position in the corruption perception study conducted by Transparency International. The
index showed the corruption score slipped 8 points that are 77 in 2017 as compared to 85 in
2012 (Ryan, 2018).
The Australian government have actively participated by introducing draft legislation that is
Crimes Legislation Amendment (Combatting Corporate Crime) Bill 2017 to reduce corporate
bribery and corruption of foreign public officials. There will be a number of key changes in
the existing regulatory framework of anti-bribery after it is passed by the Australian
government (Nahlous, et al. 2018). This assignment represents a literature review on the
topic” Bribery is a practice in contemporary business”.
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