Category: Privacy

Penalties for Breaching New Whistleblower Law

In our 19 December 2018 update, “A Reflection on 2018”, we highlighted the second reading debate in the Senate on the Treasury Laws Amendment (Enhancing Whistleblower Protections) Bill 2017 (Cth). This entry outlines the new protections and describes the increases to the penalties in the Corporations Act 2001 (Cth), including penalties for contravening the whistleblower protections, made by the Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019 (Cth).

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OAIC Quarterly Report Reveals Financial Services Still Vulnerable to Notifiable Data Breaches

The Office of the Australian Information Commissioner (the OAIC) has released its second Quarterly Statistics Report (the Report) on the mandatory notifiable data breaches (NDB) scheme. The finance sector was the third-highest reporter of NDBs with 30% of breaches including financial details and a majority (78%) of those breaches also including contact information.

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Modern Slavery (Part Two): How to Position your Business to Comply

In a global marketplace, businesses risk reputational damage and losing consumer confidence and market share if they are found to have modern slavery practices within their business or supply chains. But there are some simple steps that can help business prepare for the passage of the Australian modern slavery legislation.

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