Usually when a business resolves an investigation or litigation with the ACCC they are required to implement a comprehensive Competition and Consumer Law Compliance Program (Compliance Program).
Often there is a further obligation on the business to retain an independent reviewer whose role it is to conduct an intensive and thorough review of the business's Compliance Program each year for three years.
An independent reviewer is required by the ACCC to check that the business has completed all it obligations in establishing a Compliance Program, as well as determining whether the Compliance Program is operating effectively in terms of preventing further contraventions of the Competition and Consumer Act.
The independent reviewer may be required by the ACCC to prepare two reports - a Company Compliance Program Review Report and an ACCC Compliance Program Review Report. The latter report has to be provided to the ACCC by the business to verify that their Compliance Program is operating effectively.
Over the last three years, Michael has developed particular expertise in conducting independent reviews. Michael has been retained by such businesses as InvoCare Australia, Aldi Stores, LG Electronics Australia and Dimmeys Stores as their independent reviewer.
Michael conducts his independent reviews in a thorough, yet cost effective manner. Michael is able to keep the costs of conducting his independent review down because of his significant experience in conducting such independent reviews over the last three years.
Michael also has a high degree of credibility with the ACCC, which is important if the ACCC is to accept the independent reviewer's findings about the effectiveness of the business's Compliance Program. The ACCC has never asked any questions or raised any concerns about any of the independent review reports which Michael has prepared for the ACCC.
If you require an independent reviewer for your Compliance Program make sure to contact TLC for a free quote.