At Arnotts Technology Lawyers, we regularly advise technology providers, including As-a-Service providers who supply services to Australian Prudential Regulation Authority (APRA) regulated entities, including banks, in relation to prudential and reporting standards compliance including CPG 231 Outsourcing, CPG 234 Information Security and CPG 235 Managing Data Risk. APRA has commenced consultation for a new prudential …
Author Archives: alanarnott
Last modified on December 3rd, 2022 at 3:26 am
Last modified on December 3rd, 2022 at 3:27 am
Treasury seeks stakeholder consultation to allow virtual regulatory hearings and examinations
The Treasury is seeking stakeholder opinion on new legislation to clarify the ability of regulators to hold virtual hearings and examinations. The proposed Treasury Laws Amendment (Modernising Business Communications) Bill 2022 (Cth) will amend existing regulator legislation to enable respective authorities to hold technology-based hearings and examinations. Respective authorities that will be affected by the …
Last modified on December 3rd, 2022 at 3:27 am
Federal Court decision examines insurance policy in the context of cyberattacks
In the decision of Inchcape Australia Limited v Chubb Insurance Australia Limited [2022] FCA 883, the Federal Court of Australia interpreted the terms of an insurance policy in the case of a cyberattack. The facts of the case include a ransomware attack on Inchcape, destroying the company’s data on its primary server, offsite backup, and …
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Last modified on December 3rd, 2022 at 3:27 am
Priority registration for “.au” domain names until 20 September 2022
Australian organisations, businesses and individuals can now register for a new category of domain names in Australia. This category is known as “.au direct” and will allow website URLs to drop dot com variants, ie. “www.example.au” rather than “www.example.com.au”. Australian entities with an existing “.com.au” suffix have priority registration until 20 September 2022 to register …
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Last modified on December 3rd, 2022 at 3:28 am
Commonwealth Ombudsman report highlights compliance issues when handling telecommunications metadata
The Commonwealth Ombudsman released its annual report of the Telecommunications (Interception and Access) Act 1979 (Cth). This report detailed the inspection of agencies’ records relating to stored communications and access to telecommunications data between 1 July 2020 and 30 June 2021. The investigation discovered a serious lack of compliance by law enforcement agencies, such as …
5 Reasons Why Your MSP Business Needs a Solid Customer Agreement
Are you a Managed Service Provider (MSP)? Here are 5 reasons why you need to get your Customer Agreement reviewed by an experienced Technology Lawyer. Here are 5 reasons you cannot ignore: Reduce friction in the onboarding process by having a customer agreement that addresses all commercial and legal points your customer is expecting, resulting …
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Airbnb deploys anti-party technology after success in Australia
Airbnb releases new anti-party technology following a successful pilot in Australia. Airbnb first changed its position on parties in August 2020 during the height of the COVID-19 pandemic. Initially, this party ban was designed to enforce social distancing efforts, especially after Airbnb became a popular option to host events after bars, restaurants, and clubs had …
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Defamation reform for search engines and social media
The Attorney General has invited Australians to have their say on new defamation reform proposals pertaining to search engines and social media sites. Australia’s uniform defamation legislation was drafted 18 years ago. As such, the Meeting of the Attorney General has agreed to release the exposure draft amendments to the current review of the Model …
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Last modified on November 21st, 2022 at 5:21 pm
Look out software companies – Sony PlayStation sued for £5 billion for exploitative digital game prices
Sony PlayStation is subject to a first-of-its-kind lawsuit over alleged overcharging of its digital game purchase prices. The proceedings have been brought as a collective action on behalf of all UK PlayStation consumers by Alex Neill. The claim is that Sony Interactive Entertainment Europe Limited, Sony Interactive Entertainment Network Europe Limited, and Sony Interactive Entertainment …
Last modified on November 21st, 2022 at 5:22 pm
Reserve Bank of Australia launches pilot central bank digital currency
The Reserve Bank of Australia (RBA) has partnered up with the Digital Finance Cooperative Research Centre (DFCRC) to explore possible use cases for a central bank digital currency (CBDC) in Australia. Contrary to its name, a CBDC is different to decentralised digital assets, such as Bitcoin. CBDCs are solely controlled by a central authority, like …
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