The banking royal commission has focussed much attention on the bad behaviour of some of our biggest companies.

But one unethical business practise that receives little public attention is the problem of bribery.

Just this week, a new survey found that 40 per cent of senior Australian executives believed that bribery and corruption are common in the business world.

Today, Labor will release what's being flagged as the toughest anti-corruption regime ever faced by corporate Australia.