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Every month whistleblower wants to report misconduct Source: The Age, 21 Dec 2016 Corporate Australia is littered with whistleblowers who take on enormous risk for no personal gain, in fact to their great detriment. If they wait until they leave their job, they aren't classified as a whistleblower and therefore have no protection. But 2017 is offering a glimmer of hope for potential whistleblowers that things might finally be starting to change. A consultation paper released on Tuesday by Financial Services Minister Kelly O'Dwyer reviewing tax and corporate whistleblower protections raises the right issues, and calls for submissions that include questions such as "Should financial rewards or other types of rewards be considered for whistleblowers? Why or why not?" The paper looks at a range of issues, including whether the definition of a whistleblower is too narrow or broadened to include former employees, financial services providers, lawyers, accountants, unpaid workers and business partners. Importantly, it also raises the controversial issue of rewarding whistleblowers. Indeed, the consultation paper says a reward system could encourage greater levels of nuisance reporting to securities regulators. "As the SEC has noted on its website, only 34 complaints out of 14,000 received since the inception of the whistleblowing reward program in 2011 have resulted in rewards being paid," the paper said. But it says if the reward system is structured properly, it may create a strong inducement to report. "The fact that the SEC has received 14,000 complaints since inception of the program, even if few of them resulted in rewards, demonstrates the power of a monetary incentive system in driving conduct Question: What are the conditions for justified whistleblowing? How does a reward system fit within these conditions? Explain your