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15 Feb 2019
Open Banking CDR One Step Closer
In May 2018 the Federal Government committed to applying a Consumer Data Right (CDR) to the banking, energy and telecommunications sectors. On
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11 Dec 2018
Facebook to Facemusic?
The ACCC publicly released its Digital Platforms Inquiry Preliminary Report on 10 December 2018. Its final report must be provided to the Australian Treasurer before 3 June 2019, with submissions invited in relation to the preliminary report to be provided by email to platforminquiry@accc.gov.au no ...
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11 Dec 2018
Marriott Data Breach Exposes a Possible 500 Million Guests
On 30 November 2018, Marriott International Incorporated (Marriott) reported one of the largest data breaches on record.
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10 Dec 2018
New Cyber and Information Security Obligations for APRA-Regulated Entities: Prudential Standard CPS 234 Information Security
In November 2018, the Australian Prudential Regulation Authority (APRA) released the final version of Prudential Standard CPS 234 Information Security (CPS 234), which established new cross-industry requirements for the management of information security and notification of information security inci ...
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5 Dec 2018
Data at Risk? Latest Quarterly Figures from the Office of the Information Commissioner
Since February 2018, the Australian Government has imposed mandatory reporting obligations on various entities under the Privacy Act 1988 (Cth) for data breaches that would likely result in serious harm to individuals to whom the breach relate. Such entities include organisations with a turnover gr ...
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4 Dec 2018
ASIC’s regulatory objectives: what’s in a name?
It is fashionable to criticise ASIC for late and otherwise botched investigations, insufficient and unsuccessful enforcement activity and unseemly closeness with the Big End of Town. Is that fair, and why has it come to this?
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21 Nov 2018
Bank between judicial rock and regulatory hard place
Westpac can’t take a trick. It’s been trying to pay a $35 million penalty for consumer credit contraventions agreed with ASIC, but the Federal Court won’t let it.
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7 Nov 2018
AFCA Open for Business Today 1 November 2018
From today, all new complaints previously made to the Financial Ombudsman Service (FOS), the Superannuation Complaints Tribunal (SCT), and the Credit and Investments Ombudsman (CIO) are made to and dealt with by the Australian Financial Complaints Authority (AFCA) under the AFCA Scheme.
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18 Oct 2018
Litigation Lotteries
On 17 October 2018 a complex multi-party and jurisdiction dispute came to an end in a High Court decision permanently staying a Federal Court proceeding. The decision suggests that the overarching purpose of resolving civil disputes quickly, inexpensively and efficiently, for both private and public ...
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10 Oct 2018
Taming the Cookie Monster
New regulations in the European Union (“EU”) are bringing significant change to the way in which Australian businesses must approach the use and storage of customers’ electronic information.
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