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New world order: planning for the transition to new breach reporting regime

This article was originally published in the July 2021 edition of the LexisNexis Australian Banking and Finance Law Bulletin.

With 1 October 2021 fast approaching, Australian financial services and credit licensees are racing to uplift their existing breach reporting frameworks and design new policies and procedures aimed at alleviating the burden of the Federal Government’s bold new breach reporting regime.

In this article, Felicity Healy, James Lucek-Rowley and Gowrie Varma discuss the new regime and consider what the practical pressure points for licensees and likely impact on enforcement will be.

You can access a copy of the article here or click the ‘DOWNLOAD PDF’ button.


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Banking and Financial Services

This publication is introductory in nature. Its content is current at the date of publication. It does not constitute legal advice and should not be relied upon as such. You should always obtain legal advice based on your specific circumstances before taking any action relating to matters covered by this publication. Some information may have been obtained from external sources, and we cannot guarantee the accuracy or currency of any such information.

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