Publication
Global Asset Management Review: Issue 4
Welcome to the third issue of Global Asset Management Review.
Author:
Australia | Publication | December 2025
The author acknowledges the contribution of Scott Meagher.
Safe Work Australia (SWA) has published amendments to the model Work Health and Safety (WHS) Act and Regulations which expand incident notification requirements, update licensing arrangements for crane operations and align regulations with current practices. This article focusses on the amendments concerning incident notification. The amendments do not become effective until adopted in the WHS Act of relevant jurisdictions.
As discussed in our earlier article, in July 2023 SWA released its consultation paper on incident notification changes and then in August 2024 it announced that Ministerial approval had been received in relation to recommendations to revise the incident reporting framework.
The amendments to the model WHS Act, which were published on 5 December 2025, extend the notification duties of persons conducting a business or undertaking (PCBUs) to ensure that notice is given to the regulator in respect of a ‘relevant occurrence’ which is defined to mean a notifiable incident, notifiable suicide or notifiable extended absence.
The definition of ‘notifiable incident’ is amended to include a ‘violent incident’ in addition to the death of a person, a serious injury or illness of a person and a dangerous incident. ‘Violent incident’ is defined to include one or more of the following that exposes a person to serious risk of psychological harm:
Changes have also been made to the definitions of:
The obligation to notify in respect of a ‘notifiable extended absence’ arises where the absence is reasonably attributable to a physical or psychological injury or illness arising from the conduct of the business or undertaking.
The SWA Explanatory Memorandum to the amendments states that “…[t]he term ‘reasonably attributable’ is not defined in the Act, however, it is intended that there will need to be a causal link between the absence and the physical injury or illness. Whether there is a causal link between the absence and the physical injury or illness will depend on the relevant circumstances. The term ‘arising from the conduct of a business or undertaking’ is also not defined in the Act, however it is intended that a PCBU should consider all relevant available information when assessing if the injury or illness is arising from the conduct of a business or undertaking”.
Notice is required to be given to the regulator immediately after becoming aware of a notifiable incident or notifiable suicide and within 14 days in respect of a notifiable extended absence.
The site preservation obligation has also been amended to include the requirement to ensure, so far as is reasonably practicable, that “…evidence of the occurrence, including electronic and digital records and witness details”, is preserved.
A new section 39A is inserted which requires:
A ‘notifiable extended absence’ is defined as an absence of a worker that is reasonably attributable to a physical or psychological injury or illness arising from the conduct of a business or undertaking where the worker has been absent from work for 15 or more consecutive days or anticipates, on the basis of a medical practitioner’s opinion, being absent from work for 15 consecutive days or more, and notifies the PCBU of that.
A ‘notifiable suicide’ is defined as “…a death by suicide, or suspected suicide, or an attempted, or suspected attempted, suicide:
‘Mobile plant’ is defined to mean “…plant designed to move or be moved, either autonomously or under the direct or remote control of an operator.
‘Mobile plant incident’ “…means an incident in which:
‘Serious fall’ “means a person falling:
SWA has provided a fact sheet about notification duties under the model WHS laws and the types of incidents that fall within these categories which is available here.
These amendments continue to underscore the need for PCBUs to be vigilant about identification of psychosocial hazards and management of psychosocial risks and to have in place robust incident reporting and notification procedures and appropriate training in that regard to ensure notification obligations are able to be complied with.
Publication
Welcome to the third issue of Global Asset Management Review.
Publication
The Financial Conduct Authority’s (FCA) October 2025 Consultation, CP25/28 Progressing Fund Tokenisation, takes a clear step towards embedding distributed ledger technology (DLT) in the UK’s authorised fund regime.
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