The Federal Government has introduced a bill to create stronger protections for whistleblowers who expose corporate misconduct.

Revenue and Financial Services Minister Kelly O’Dwyer says it is a significant milestone, creating “a single, enhanced whistleblower protection regime” for the corporate and financial sectors.

“The reforms mean whistleblowers will be able to come forward with the confidence that they will be protected under a comprehensive and robust legal framework,” she said.

“Breaking ranks and reporting wrongdoing can be a harrowing experience, so it is important people know they will have access to redress if they are victimised as a result.”

The new protection regime applies to disclosures received from July 1 next year. These disclosures can be about misconduct from before that date.