Anti-Bribery and Corruption Policy


1.1     This policy applies to Metgasco Ltd (Metgasco or the Company) and all directors, officers, employees, consultants, contractors and associates of the Company (Metgasco personnel). All references to Company include all subsidiaries existing at the time.

The following conduct is prohibited by this policy: bribery, secret commissions, facilitation payments and money laundering. This policy also prohibits offering or accepting gifts, entertainment or hospitality, and providing donations, community investments and sponsorships, other than in accordance with this policy.



2.1     Bribery

Bribery can be described as the giving to or receiving by any person of anything of value (usually money, a gift, loan, reward, favour, commission or entertainment), as an improper inducement or reward for obtaining business or any other benefit. Bribery can take place in the public sector (e.g. bribing a public official) or private sector (e.g. bribing the employee of a customer). Bribery can also take place where an improper payment is made by or through a third party. Policy is to establish an internal reporting system which ensures protections for individuals who disclose misconduct and encourages employees and our partners to report known or suspected misconduct.

Benefits include any direct or indirect commercial, regulatory or personal advantage, such as money, gifts, political or charitable donations, business opportunities, hospitality, access to assets or favours, having a law or regulation enacted, defeated or violated.

Metgasco personnel must not offer, promise, give, accept or request a bribe and must not cause a bribe to be given, offered, promised or accepted by another person. If any Metgasco personnel is offered a bribe, it must be refused and reported immediately to the Company Secretary.

2.2     Secret commissions

Secret commissions are intended to influence or impact the conduct of the third party’s business and they typically arise where there is a payment or benefit given or offered to an agent or representative of a third party, which is not disclosed to the third party.

Payment of, soliciting or receiving secret commissions by the Company and Metgasco personnel is prohibited.

2.3     Facilitation payments

A facilitation payment is an unofficial payment (including a nominal amount) made, directly or indirectly, to facilitate or expedite a non-discretionary action by a government official.

Facilitation payments by the Company and Metgasco personnel are prohibited.

2.4     Money laundering

Money laundering is concealing the origins of illegal income and disguising the income so that it appears to have come from a legitimate source.

Money laundering by the Company and Metgasco personnel is prohibited.

2.5     Public officials

Metgasco personnel must not make donations (or otherwise provide benefits (see above at part 2.1)) to any public international organisation, state or government agency, political party, incumbent, candidate or other public official (including any officer, employee, agent or representative of any of the forgoing) on behalf of the Company.

Metgasco personnel must obtain the prior approval of the Board to attend dinners, conferences or similar events organised by a political party or equivalent organisation.

2.6     Community investments and sponsorships

The Company may make charitable donations, community investments and provide sponsorships which comply with the legal and ethical requirements of the jurisdiction in which the charitable donation, community investment or sponsorship is made. In Australia, charitable donations will only be made to organisations with deductible gift recipient status with the Australian Taxation Office.

Charitable donations, community investments and sponsorships provided by the Company require the prior approval of the Board. The Board may implement standing authorities for charitable donations. The standing authority must be consistent with the Company’s delegated authorities and must be notified to the Company’s auditor.

2.7     Gifts, entertainment and hospitality

Metgasco personnel must not accept or offer gifts, entertainment or hospitality which could be perceived to create undue influence on the recipient. The context in which gifts, entertainment or hospitality are provided will be relevant to whether they could be perceived to create undue influence (e.g. where parties are involved in a competitive tender process).

Gifts, entertainment or hospitality should only be offered or accepted by Metgasco personnel for legitimate business purposes and must meet the following criteria:

  • be for building relationships
  • be of reasonable value and appropriate nature having regard to cultural considerations and general business practice;
  • be provided in an open and transparent manner;
  • not intended as an attempt to exert improper influence over the recipient;
  • be compliant with applicable laws of the jurisdiction in which the gift, entertainment or hospitality is offered; and
  • not include cash, loans or cash equivalents.

Any gift, entertainment or hospitality with an estimated financial value of $50 or more given or received by Metgasco personnel must be reported to the Company Secretary within 5 working days of giving or receiving it and recorded in a gift register.


          All gifts, entertainment or other payments to and from other third parties that required approval by the Company Secretary or the Board must be recorded and maintained in an accurate and auditable register. The Company Secretary has responsibility for this register. Records that distort or disguise the true nature of any transaction are prohibited.

Each individual to whom this Policy applies must fully disclose all details regarding any and all such gifts, entertainment and payments they have made or approved or have received (whether accepted or declined) directly to the Company Secretary and provide all relevant documentary support including a valid tax invoice for such items.



The Company may be subject to criminal sanctions and/or civil penalties, and may suffer reputational damage, if it is found to have been involved in bribery or related improper conduct.

A breach of this policy constitutes serious misconduct. Strict compliance is a condition of employment. Breaches of this policy will be subject to disciplinary action, which may include termination of employment. Metgasco personnel who breach this policy may also be subject to imprisonment and/or financial penalty.

Material breaches of this policy will be reported to the Board. The Company will also refer incidents to regulatory and law enforcement authorities, if appropriate.



Employees and Directors will be made aware of this policy as part of their induction.



The Company supports and encourages a culture of integrity and transparency. All Metgasco personnel have responsibility for prevention, detecting and reporting of breaches of this policy.

Metgasco personnel must notify the Company Secretary as soon as possible of suspected, potential or actual breaches of this policy, and should seek the advice of the Company Secretary if unsure whether particular conduct constitutes, or may constitute, a breach of this policy.

All reports made under this paragraph will be handled in accordance with the Company’s Whistleblower Policy.



This policy will be communicated and promoted at all levels of the organisation and disclosed on the Company’s website for reference by external stakeholders.



This policy will be reviewed from time to time to ensure it remains effective and meets best practice standards and the needs of the Company. This policy can only be amended by resolution of the Board.


West Perth Office
Level 2, 30 Richardson St.
West Perth, WA 6005

Tel: +61 8 6245 0060
Metgasco Ltd  ACN 088 196 383