On Tuesday, national Labor leader Bill Shorten promised to set up an independent corporate watchdog within a year of Labor winning the next election.

The National Integrity Commission would have investigative powers and the ability to hold public hearings.

Anthony Whealy QC is a former NSW supreme court judge and a former assistant to ICAC commissioner.

He’s currently Chair of Transparency International.

He speaks with Ross Greenwood on whether Australia needs a federal corruption watchdog

“We believe it does.

“We’ve given it a lot of thought. The idea is supported right through the academic world.

“I have to say in defence of the NSW ICAC there’s a lot of misinformation out there on what it did.”

Listen to the full interview below