Plan to Establish Compliance Management System: Realty Ethics

This report details a plan to establish a compliance management system for Max Lionel Realty, emphasizing ethical practices and compliance with regulations like the Corporations Act 2001 and Income Tax Assessment Act 1997. The ethics charter of Max Lionel Realty prioritizes profit-making with ethical considerations, equal opportunity, and fair business practices. The proposed compliance management system includes a periodic survey with questionnaires to evaluate adherence to ethical standards and legal provisions, such as WHS norms. The report highlights the importance of training, WHS planning, and leveraging technology to manage compliance requirements effectively. It also addresses gender equality in the workplace and intolerance towards discriminatory behavior, ensuring a fair and inclusive environment. The survey responses from employees will aid in evaluating the compliance environment and managing organizational compliance requirements, supplemented by software solutions for tax returns and compliance reports.

Running head: PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
Plan and Establish Compliance Management System
Name of the Student:
Name of the University:
Authors Note:

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
Plan and establish Compliance Management System:
Planning and establishing a compliance management system is an important part of
overall management of an organization. An organization will be benefited immensely from a
compliance management system. Such system helps an organization to comply with the various
requirements in relations to applicable rules and regulations of the organization.
Ethics Charter of Max Lionel Realty:
The objective of Max Lionel Realty is to earn profit from business activities with ethical
practices. The objective of profit making shall not any way hinder the ethical practices of the
organization. The business landscape has changed and as a result the business organizations have
become more and more profit oriented. However, despite the motive of earning profit from
business operations the management of the organization is obligated to the society to stand for
fair business practices. Thus, at no cost the organization shall be involved in any kind of
practices that will contravene the ethical considerations of the organization. The following broad
points must be kept in mind by each and every single stakeholders of the organization:
 The organization provides equal opportunity to each and every single employee of the
organization.
 No discrimination between the workers are made on the basis of their castes, creed,
race, colour, religion, beliefs and gender.
 The organization will never recruit any physical labour who are below the age of 18.
Thus, for work that requires physical exertion will not be done by any minor.

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
 The management must carry out the business with utmost integrity and honesty. The
business has been formed to earn profit however, it is not the only motivation for the
business to carry on its operations in the future.
 The business in the long run looks contribute the social inclusiveness by promoting fair
and equal pay for both men and women.
 The organization is a corporation and governed by the provisions of the Corporations
Act, 2001, here in after to be referred to as the act only in this document. Hence, it is
important for the organization to comply with the provisions of the act1.
 The management will ensure there is no contraventions on the part of the company as
per the provisions of the act is concerned.
 Providing regular training to the employees and workers to familiarize them with ethical
and legal considerations applicable to the functioning of the organization.
 Development of WHS plan to deal with any WHS incident with due care and diligence.
There was a time when the business environment and work area was dominated by the
male. However, time has changed and the world now provides equal opportunity to both men
and women. The management of Max Lionel Realty accepts and welcome the change of
providing equal opportunity to both men and women. The work place and the environment
within the office premises of the organization will not discriminate the workers and employees
on the basis of their genders. Thus, the work environment will allow women the freedom to
1 Ferron Vilchez, Vera, and Nicole Darnall. "Two are better than one: The link between
management systems and business performance." Business Strategy and the Environment 25, no.
4 (2016): 221-240.

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
express themselves. The male chauvinist attitude of few workers that has also been exposed in
the recent WHS incident will not be tolerated. Any such incident in the future shall be dealt with
strictly.
In this case the organization will have compliance management system that would use period
survey to evaluate whether there has been any contravention with the applicable provisions to the
organization.
The survey would have the following questionnaire and the respondents must answer these
questionnaire at periodic intervals. The complete set of questionnaire and response of the
employees would help the management to determine compliance with applicable provisions and
ethical standards.
Questions Responses
Yes No Not sure
Have you always
come to the office on
time?
Have you always
followed the ethical
norms and standards?
Have you ever

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
discriminate your
fellow worker on the
basis of his color?
Have you ever
discriminate your
fellow worker on the
basis of his caste?
Have you ever
discriminate your
fellow worker on the
basis of his creed?
Have you ever
discriminate your
fellow worker on the
basis of his religion?
Have you ever
discriminate your
fellow worker on the
basis of his culture?
Have you ever
discriminate your
fellow worker on the

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
basis of his belief?
Have you followed
the WHS norms at
the work place on
regular basis?
Has there ever been a
day where you have
cheated in the work
place?
Does the organization
has any minor worker
and staffs?
Do you get your
wages and salaries on
time?
Does the organization
makes other
necessary payments
associated with the
employment?

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
Is there necessary
medical facility
available in the work
place?
What happens at the
time of emergency
incidents?
Does the company
have necessary fire
extinguish system in
place?
Is there any back up
facility that the
organization has?
Does the organization
has necessary
resources to recover
from natural disasters
such as earthquake,
flood etc.?
Does the company
prepare its annual

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
report on time?
Does the organization
files its annual return
with appropriate
authority on time?
Does the organization
file its annual income
tax return and pay
income tax correctly?
The responses of employees and workers of above questions would help in evaluating the
compliance environment of the organization. Based on responses of the questionnaire it would
also be possible to effectively manage the compliance requirements of the organization. It is also
important to note that with continuous development of new and improved technologies it has
become possible to manage the compliance requirements of an organisation with compliance
management system. For example number of software has been developed that will help an
organization to file annual income tax returns, prepare annual accounts and prepare other
compliance reports.
In case of Max Lionel Realty the organization can also make effective use of such
systems to ensure compliances with provisions of Income Tax Assessment Act, 1997 and

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PLAN AND ESTABLISH COMPLIANCE MANAGEMENT SYSTEM
provisions of Corporations Act, 2001. Apart from that the management must ensure compliance
with other requirements.