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months from when the changes will take effect, the Australian Securities and Investments Commission (ASIC) has released draft guidance on the new regime and is seeking feedback on it.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
Andrew Eastwood
Partner
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Steven Rice
Steven Rice
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Danielle Briers
Danielle Briers
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Fiona Smedley
Fiona Smedley
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Jacqueline Wootton
Jacqueline Wootton
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