The new law on foreign interference - what's next for businesses?
Businesses can have disclosure policies for themselves and their stakeholders, akin to conflict of interest disclosures.
Add BT as a preferred sourceTHE Foreign Interference (Countermeasures) Bill (Fica) was passed in Parliament on Monday after about 10 hours of impassioned debate. Despite the government agreeing to several amendments proposed by the Workers' Party, the substance was not changed in any significant way.
Although the government provided more details on how Fica is to operate, more details will be unveiled when it comes into operation.
What does all this mean for businesses? Fica seeks to provide the government with legislative tools to counter foreign interference in domestic politics, primarily conducted through hostile information campaigns and the use of proxies or "politically significant persons".
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