In December last year we wrote of the sweeping changes to Australia’s breach reporting regime that had been passed into legislation by Federal Parliament and would have significant implications for Australian financial services and credit licensees (AFS Licensees and Credit Licensees respectively).
We summarised the key changes and highlighted issues for licensees to look out for in preparing for the regime to commence on 1 October 2021.
Five months from when the changes will take effect, the Australian Securities and Investments Commission (ASIC) has released draft guidance on the new regime and is seeking feedback on it.
Please click here to visit HSF.com to read the full article.
Andrew Eastwood
Partner, Sydney
Danielle Briers
Executive Counsel, Sydney
Fiona Smedley
Partner, Sydney
Jacqueline Wootton
Partner, Brisbane
Key contacts
Andrew Eastwood
Partner, Sydney
Danielle Briers
Executive Counsel, Sydney
Fiona Smedley
Partner, Sydney
Jacqueline Wootton
Partner, Brisbane
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.