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Data Breach Reporting – What you need to know as a Licensee
19 Mar 2020
Fiona McCord
Previously a Senior Associate at Holley NethercoteAustralian Financial Services and Australian Credit Licensees are subject to data breach reporting requirements contained in the Privacy Act 1988 (“data breach law”). The law imposes a reporting obligation when…...
Read moreNew Breach Reporting Regime: as simple as assembling a springless trampoline
08 Dec 2020
Paul Derham
Managing PartnerAfter browsing the recently-tabled 153-page Financial Sector Reform Bill, I was struck by the irony of Hayne’s comments in his Interim Report: Should the existing law be administered or enforced…...
Read moreBreach reporting for credit licensees: are you ready to dob yourself in?
03 Sep 2021
Jesse Vermiglio
PartnerOctober 2021 sees the commencement of many new regulatory reforms for Australian Credit Licence (ACL) holders. One of the reforms that will have greatest impact will be the new…...
Read moreBreach reporting: When do I need to report an investigation to ASIC?
05 Jun 2023
Katherine Temple
Senior AssociateLast month, the Australian Securities and Investments Commission (ASIC) updated its guidance on the breach reporting regime, with several amendments to Regulatory Guide 78: Breach reporting by AFS licensees and…...
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