What Is The Definition Of Bribery Under The Macc Act

Any person who knows and fails to report an act of giving and offering of bribes is committing an offence under section 25 1 and 2 of the macc act 2009.

What is the definition of bribery under the macc act. Bribery defined as any action which would be considered as an offence of giving or receiving gratification under the macc act. Macc act introduced in may 2018. Using office or position for gratification bribe abuse of power position section 23 macc act 2009 failure to report. Where previously only individual employees or directors could be prosecuted for bribery this new act allows the entire company to be prosecuted.

Section 17a of the macc act 2009 which came into force on june 1 is the perfect weapon to curtail corruption at a time when companies struggling to keep afloat may consider bribery to. In essence it extends the act to cover corruption offences conducted by commercial organisations. Section 17a states that a commercial organisation is liable if.