Anyone who doubts the impact which foreign bribery scandals can have upon companies in the property sector throughout Australia need only look at the offshore payments scandal which has dogged construction giant Leighton Holdings (now CIMIC) for years.

Leighton is not alone. In 2015, directors of Sydney-based construction company Lifese were charged with foreign bribery offenses over allegations of attempting to bribe Iraqi government officials in order to secure multi-million dollar contracts in that country. Courtesy of a number of factors, the property and construction sector has a…