At Logicsofts, we are committed to conducting our business with integrity, transparency, and in compliance with all applicable laws and regulations. We recognize that bribery and corruption pose serious risks to our reputation, undermine trust, and can have legal ramifications. Therefore, we have zero tolerance for bribery and corruption in any form and are dedicated to preventing, detecting, and addressing instances of bribery and corruption within our organization.

Policy Statement:

• Logicsofts prohibits all forms of bribery, corruption, and improper inducements, whether direct or indirect, in our business operations.
• We are committed to complying with all relevant anti-bribery and corruption laws and regulations, including the Australian Criminal Code Act 1995 and the Foreign Corrupt Practices Act (FCPA).
• Our Anti-Bribery and Corruption Policy applies to all employees, officers, directors, contractors, consultants, agents, and business partners acting on behalf of Logicsofts.

Key Principles:

Prohibition of Bribery and Corruption:

• We prohibit offering, giving, receiving, or soliciting any bribe, kickback, or improper payment, whether in cash, gifts, favors, or any other form, to or from any person or entity.
• Bribery and corruption are strictly prohibited in all business dealings, including interactions with government officials, customers, suppliers, and other third parties.

Gifts, Entertainment, and Hospitality:

Prohibition of Bribery and Corruption:

• Gifts, entertainment, and hospitality may be offered or accepted only if they are reasonable, proportionate, and consistent with customary business practices.
• Employees must obtain prior approval and adhere to guidelines regarding the offering and acceptance of gifts, entertainment, and hospitality.

Due Diligence and Risk Assessment:

• We conduct due diligence on third parties, including suppliers, agents, distributors, and business partners, to assess their integrity and compliance with anti-bribery and corruption standards.
• Risk assessments are conducted regularly to identify and mitigate bribery and corruption risks associated with our business activities and relationships.

Training and Awareness:

• We provide regular training and awareness programs to employees to educate them about anti-bribery and corruption laws, policies, and procedures.
• Employees are encouraged to report any suspected or actual instances of bribery or corruption through designated channels, without fear of retaliation.

Monitoring and Reporting:

• Logicsofts monitors compliance with this policy through audits, reviews, and ongoing oversight of business activities.
• Employees are required to promptly report any suspected or actual violations of this policy to the appropriate authorities within the organization.

Responsibility:

• The responsibility for implementing and enforcing this Anti-Bribery and Corruption Policy rests with Logicsofts management, who are accountable for ensuring its effectiveness.
• All employees are responsible for familiarizing themselves with this policy and complying with its provisions in the course of their duties.

Review and Revision:

This Anti-Bribery and Corruption Policy will be reviewed periodically to ensure its ongoing relevance, effectiveness, and compliance with applicable laws and regulations. Any necessary revisions will be promptly made to reflect changes in circumstances, legislation, or best practices