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Revised Banking Code of Practice, innovation at the ASX and other corporate law developments
Insight 12 Jul 2019

ASIC continues its focus on strengthening corporate regulations; ASX embraces innovation and tech-based solutions; FIRB application fees have increased from 1 July 2019; delays to the release of th ...

Fake Indigenous art leads to $2.3 million penalty; ACCC allegations of misleading claims are dismissed against Kimberly-Clark's 'flushable' wipes; and Woolworths' Select eco range passes the 'biodegradable' muster.
Insight 10 Jul 2019

Fake Indigenous art leads to $2.3 million penalty The Federal Court has imposed a $2.3 million penalty on Birubi Art Pty Ltd for engaging in misleading or deceptive conduct about products it sold, in breach of the Australian Consumer Law. ...

Would you like financial services with your social network? Facebook consortium to launch new cryptocurrency
Insight 09 Jul 2019

In a bold new play, a consortium led by social media giant Facebook has announced plans to enter the financial services sector through the launch of a cryptocurrency called Libra. Both a currency and a blockchain backed payment system, the ...

Trend Watch: beta testing – a new software procurement strategy?
Insight 03 Jul 2019

Software company Palantir Technologies was recently announced as the US Army's choice to deploy a complex combat intelligence system valued at US$800 million. This followed Palantir's commercial off-the-shelf solution initially being ...

Final APRA Guidance on Information Security released – are you prepared?
Insight 27 Jun 2019

APRA has released the updated final version of its Prudential Practice Guide, which gives crucial context about how it views cybersecurity threats, and clarifies some of the steps that should be taken now relating to board oversight, information security controls and notification of information security incidents. Partner Valeska Bloch and Associate Claudia Hall report. ...

Government proposes major changes to privacy law
Insight 09 Apr 2019

The Federal Government has proposed radically increased financial penalties and new powers for the Office of the Australian Information Commissioner, in the wake of increased scrutiny of social media platforms and a growing consensus that ...

Trend Watch: What the top ten 2018 cybersecurity trends mean for your business
Insight 16 Jan 2019

Last year was a big year for cybersecurity. Organisations were forced to grapple with an increasingly complex regulatory environment as governments across the globe continued to navigate how to bes ...

Controversial encryption legislation passed
Insight 10 Dec 2018

The Government's highly controversial encryption legislation was hastily passed through Parliament last week, making it the first legislation of its kind globally. Partner Valeska Bloch and Paralegal Sophie Peach report. Background The ...

New APRA prudential standard raises bar for information security obligations and incident notification requirements
Insight 15 Nov 2018

As companies and regulators across the world grapple with ever-increasing cyber security threats, Australia's financial services regulator, APRA, has released the final form of a new prudential standard. It will require APRA-regulated ...

Show me the data! Introducing the Consumer Data Right
Insight 10 Sep 2018

On 15 August, the Federal Government released exposure draft legislation that, if passed, will establish an 'economy-wide consumer-directed data transfer system'. The latest sprint in a marathon of reviews, reports and recommendations over ...

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