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Corruption is pervasive in Australia — it s time to stop the rot

Corruption is on the rise in Australia. In 2020, Transparency International’s Corruption Perceptions Index showed Australia, once comfortably in the top 10 least corrupt nations, now equal 11th having lost eight points since 2012. Anti-bribery group TRACE has Australia at 12th, well adrift of New Zealand, on its bribery risk matrix. Australia is lower still on the Basel Institute of Governance anti-money laundering list. The declines in Australia’s rankings are understandable given the litany of scandals in politics and business in recent years. In the corporate world, two of the big four banks have admitted breaching money-laundering laws, and the country’s largest and most influential gambling company is accused of money laundering and links with organised crime.

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