Results for "consumer data right"
241-250 of 787 results for 'consumer data right'
Are data breaches a money laundering and terrorism financing risk?
The Australian Transaction Reports and Analysis Centre has published new guidance recommending that reporting entities assess the potential impact of data breaches on the money laundering and terrorism financing risks they face. In this Insight, we explain the new guidance and what it means. ...
ACCC makes 56 recommendations for sweeping energy sector reform
The ACCC today released its final report on the Retail Electricity Pricing Inquiry The report finds the national electricity market is not functioning effectively and that extensive reform is required to bring down prices and restore consumer confidence It makes 56 significant recommendations aimed ...
Double trouble: How to handle a data breach involving more than one organisation
Where multiple entities jointly hold personal information compromised in a data breach only one of those entities will need to comply with the assessment and notification requirements under the Notifiable Data Breaches Scheme NDB Scheme That is compliance by one entity will be taken to constitute ...
New laws on gift cards – what you need to know now
Federal laws imposing a three-year minimum expiry date on gift cards sold in Australia came into effect last week, but certain state laws relating to gift cards also remain. This Insight explains the key principles businesses need to know about, and includes a quick guide to how the laws compare. ...
Federal Court clears path for the OAIC to pursue its privacy proceedings against Facebook
A full bench of the Federal Court has confirmed an earlier ruling that there was a prima facie case Facebook Inc (now Meta Platforms Inc) 'carries on a business' and collects personal information in Australia. With this decision, the Australian Information Commissioner can now proceed with the landmark case against Facebook Inc and Facebook Ireland Ltd in relation to a number of alleged breaches of the Australian Privacy Principles. ...
ACCC seeks overhaul of Australia's merger regime: what you need to know
The Chairman of the Australian Competition and Consumer Commission (ACCC) Rod Sims outlined the ACCC's vision for a dramatic overhaul of Australia's merger review regime. Here's what you need to know. ...
The ESC's draft decision on first round of amendments to the Energy Retail Code
While the Federal Government gives further consideration to implementation of the ACCCs recommendations relating to retail tariffs and retailer behaviour the Victorian Essential Services Commission has been progressing reforms proposed by the Independent Review into the Electricity and Gas Retail ...
Mandatory CCR is here – what's actually different?
The mandatory comprehensive credit reporting scheme is finally in operation. We explain what's changed, who it affects, and the key considerations, risks and obligations — including steps you need to take soon. ...
How to determine whether you have suffered an eligible data breach
From 22 February 2018 the Notifiable Data Breaches Scheme NDB Scheme will require all entities covered by the regime to notify the Office of the Australian Information Commissioner OAIC and affected individuals of an eligible data breach ...
Lawyer or language model? Testing AI’s competence in answering Australian legal questions
The last 24 months have seen generative artificial intelligence (AI) tools advance in leaps and bounds, powered by remarkable developments in large language models (LLMs). Their new capabilities are already having significant impact on the way firms operate, including the legal function. ...