Compliance Legal: Risks, Requirements, and Consequences

0COMPLIANCE LEGAL
Compliance Legal
Name of the Student
Name of the University
Author Note

1COMPLIANCE LEGAL
Part A
Priority 1
Trust Account Risks: as it affects the resources of the company.
Priority 2
Client confidentiality and client safety risks: as it affects the goodwill of the company
and the faith of the clients towards the company.
Priority 3
Working with client’s from a diverse background eg. nationality, disabilities: as it will
keep the client satisfied.

0COMPLIANCE LEGAL
Part B
Business activities and
responsibilities
Compliance requirements ie
legislation, regulations, case law,
standards, codes of conduct, codes
of practice, etc.
Consequences of non-compliance.
Examples: imprisonment, fines, loss
of accreditation, ongoing viability of
the business, loss of goodwill, etc.
Actions and Staff Responsible
Example: 1. Setting up the Trust
Account
Comply with Legal Professional Act
2007 S247 and Legal Profession
Regulation 2007 s33 for establishing a
Trust Account
Breach of legislation could result in
charges being made by Law Society or
Legal Services Commission against
the organisation
Follow the Trust Accounting Procedures
provided in legislation and in
consultation with QLS – Accounts
Manager, Director
1
Setting up a commission for
addressing Bullying and Sexual
Harassment
Comply with the Fair Work
Amendment Act 2013 (Cth) and Sex
Discrimination Act 1984 to address any
issue relating to sexual harassment
and bullying.
Breach of the same will develop a
distress among the employees and
might end up in a complaint been
issued in the Australian Human Rights
Commission (AHRC).
Follow the provisions of the Acts- the
Directors.
2
Implementing stringent Policy and
Procedures relating to Bullying
and Sexual Harassment
Regulate and implement the policies
relating to Bullying and Sexual
Harassment Policy and Procedures in
conformity with the Fair Work
Amendment Act 2013 (Cth) and Sex
Discrimination Act 1984.
Breach of the legislation will follow
penalty and damages in pursuance
with the Act being charged by the
Australian Human Rights Commission
(AHRC).
Follow the penalty provisions of the
Acts- the Human Resource
3 Organising programs relating to
Bullying and Sexual Harassment
Make people aware of the
consequences that might follow from
indulging into such activities as
provided under the Fair Work
Amendment Act 2013 (Cth) and Sex
Discrimination Act 1984..
A breach will result in an increased
events of sexual harassment and
bullying.
Follow the penalty provisions of the
Acts- the Human Resource
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