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More than twelve months after the commencement of the Australian Notifiable Data Breach Scheme,[1] statistics published by the Office of the Australian Information Commissioner (OAIC) have begun to reveal trends present in the 812 notifiable data breaches recorded in Australia between 22 February and 31 December 2018. One key trend is the clear susceptibility of the health care industry, which suffered one fifth of all data breaches recorded in Australia throughout 2018, the highest…
The Office of the Australian Information Commissioner (OAIC) released its second quarterly statistics report into the Notifiable Data Breach Scheme on 31 July 2018 (Report). The Report provides further insight into the operation of the new scheme, which commenced February this year. The scheme provides for mandatory reporting of ‘eligible’ data breaches to the OAIC and to potentially affected individuals. Whether a data breach is eligible depends on whether the unauthorised disclosure, or loss, of…
Australian businesses have been warned they can no longer keep quiet about cyber security breaches, after the Senate passed laws mandating their disclosure 15 years after they were introduced in the US. The long anticipated Privacy Amendment (Notifiable Data Breaches) Bill 2016 (Bill) was passed in the Australian Parliament on 13 February 2017. The Bill amends the Privacy Act 1988 (Privacy Act) to introduce mandatory data breach notification provisions requiring any organisation that is accountable…
Gaming company Tabcorp has been fined $45 million for breaching anti-money laundering and anti-terrorism financing laws. The Federal Court found that Tabcorp broke the law on 108 occasions over five years. The fine imposed by the Federal Court is the highest civil penalty in Australian corporate history. The multi million dollar fine was handed down after a civil penalty proceedings was brought against Tabcorp by AUSTRAC, the Federal Government’s financial intelligence and regulatory agency. In…
The port City of Fremantle, now considered by many as part of greater Metropolitan Perth, has been home to Fremantle Port since the turn of the 19th Century. For more than a century, 90% of Western Australia’s imports and 30% of its exports have moved through the port. In 2014, during their first budget, the Abbott Federal Government allocated federal funding supplemented by state funding to upgrade and expand Roe Highway, in order to improve
Australia’s goal to decrease its carbon dioxide (CO2) emissions by 26-28% by 2030 is a direct result of the Paris Climate Conference in 2015. This commitment will be partially executed through the existing Emissions Reduction Fund (ERF). The ERF is a voluntary scheme introduced by the Australian Government (Government) that incentivises individuals and businesses to adopt practices that reduce CO2 emissions. There are three aspects to the ERF, namely, crediting, purchasing and safeguarding the decrease…
China’s insatiable appetite for vitamins and supplements is pumping billions of dollars into the Australian economy, with thousands of online shoppers snapping up products from leading Australian and New Zealand brands Blackmores, Swisse Wellness, Vitaco and Bellamy’s. Baby formula exports have become a lucrative business, thanks to the end of China’s one child policy and Australia’s reputation as a country with clean industry and strong food standards. Australian vitamin and supplement producers are well-placed to…
Taxpayers in Western Australia have been left to foot the bill after Jirsch Sutherland, liquidator for the Kimberley Diamond Company Pty Ltd (“KDC”), used a legal loophole to handball expensive mining leases back to the Department of Mines and Petroleum (“DMP”). Care and maintenance costs for KDC’s Ellendale diamond mine amount to $100,000 (AUD) a month and environmental rehabilitation obligations are estimated to be $40 million (AUD). The DMP has been servicing these costs since…
Touted as the largest trade agreement in history, the TPP involves 12 Pacific Rim countries which collectively represent 40% of global GDP. That equates to US$28 trillion dollars and 800 million people. Australian Trade Minister Andrew Robb claimed the agreement will usher in a new era of economic growth and opportunity across the fast-growing Asia-Pacific region. Mr Robb emphasised the TPP’s ambitious and comprehensive market access outcomes: “The TPP will provide new market openings in…
If you’ve ever been to Australia, or are familiar with Australian politics, there is a good chance that you have heard the catch cry of the ‘fair go.’ For our non-Australian audience, this can be roughly translated to ‘equality of opportunity for all Australians’. As we all know, in the United States freedom of speech sits at the apex of the US Constitution. Although they are both admirable values, the circumstances of McCloy v New…