131-140 of 199 results
APRA and AUSTRAC provide risk management guidance in relation to crypto assets
APRA and AUSTRAC provide risk-management guidance in relation to crypto-assets ...
Just in time: the full spectrum of amendments to the Security of Critical Infrastructure regime now passed
The final anticipated amendments to the Security of Critical Infrastructure Act 2018 (Cth) (SOCI Act) have been passed in the nick of time, making their way through the Senate in its last sitting before the 2022 Federal Election. These latest amendments introduce new and enhanced obligations for risk management programs and security respectively, and the concept of ‘systems of national significance’. ...
Regulating crypto: Government releases consultation paper on proposed licensing and custody requirements
The Federal Government is seeking feedback on a proposed new licensing regime for crypto asset secondary service providers (CASSPrs) and new requirements regulating custody of crypto assets. The new regime would potentially sit alongside the existing AFS licensing regime, with possible overlap and inconsistency in treatment of service providers. The Government is also seeking early views on how crypto assets should be defined and categorised as part of a 'crypto mapping' exercise. The consultation period runs until 27 May 2022. ...
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. ...
What the top five cybersecurity trends mean for your business in 2022
Cybercrime continued to dominate headlines throughout 2021, with the global cost of cybercrime predicted to reach $10.5 trillion annually by 2025 . As governments continue to navigate how to best deter cyber criminals, organisations must remain vigilant in the face of increasingly sophisticated cybersecurity attacks – arising from within and outside their organisation. We look at the top five cybersecurity trends that defined 2021 and what they mean for Australian businesses in 2022 ...
Government sets out agenda for big changes to regulation of payments and digital assets
The Government's response paper — 'Transforming Australia's Payments System' — addresses the recent Review of the Australian Payments System, the report of the Senate Select Committee on Australia as a Technology and Financial Centre and the Parliamentary Joint Committee Corporations and Financial Services Report on Mobile Payment and Digital Wallet Financial Services. ...
In Touch: Highest total penalty amount ever imposed under ACL; and other developments
NAB acquisition of Citigroup Australia Pty Limited’s Aust consumer business; Turnitin LLC's acquisition of Ouriginal Group AB; Techtronic Industries Australia; JBS acquisition of Rivalea Holdings and Oxdale Dairy Enterprise; Compass Matin; Australian Institute of Professional Education Pty Ltd ...
In Touch: Meta cleared to acquire Kustomer; and other developments
Mereenie gas field joint marketing; Meta's acquisition of Kustomer; Alkaloids of Australia pleads guilty to criminal cartel charges; no appeal for Volkswagen; Please Hold agrees to amend contracts; Bare Cremation pays penalty for allegedly misleading consumers ...
In Touch: CDPP discontinues criminal proceedings against ANZ and Rick Moscati; and other developments
No criminal proceedings against ANZ and Rick Moscati; ACCC authorises Commercial Radio Australia to collectively negotiate with Google and Facebook; Agrison ordered to pay penalty; Federal Court restrains Virtus Health in acquisition of Adora Fertility; ...