Parliament is considering a new Bill that would establish a licensing regime and reporting requirements for digital asset exchanges. The Digital Assets (Market Regulation) Bill 2023 builds on the Digital Assets (Market Regulation) Bill 2022 published last year and seeks to regulate digital asset exchanges in Australia. The regulation of cryptocurrency in Australia has been …
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Contract drafting and negotiation can often be a frustrating process when you don’t have the right tools or strategy. Whether it is not having the right template for the deal, or clauses drafted in vague and obscure language, contract drafting can at times be a very complex and laborious task. In this blog post we …
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the creation of a world-first Responsible Artificial Intelligence Network. The network will be led and will bring together industry, academia, and government to develop and promote ethical artificial intelligence (AI) practices. The network will focus on developing moral AI practices that are transparent, accountable, and …
The Australian Financial Complaints Authority (AFCA) has welcomed the partnership between the Commonwealth Bank of Australia (CBA) and Telstra to combat telephone scams. The partnership will focus on the two companies developing new technologies that can detect and prevent scams before they occur. This is critical in the banking sector due to the intimate details …
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Finding a copyright law expert is more than just about finding a lawyer with the right technical expertise in intellectual property law -the decision to engage a particular copyright lawyer needs to be a strategic one. Although having the right level of experience in copyright law is important, an ideal copyright lawyer is someone who …
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The Cyberspace Administration of China (CAC) has released new standard contract measures for the cross-border transfer of personal information. These measures are designed to interact with China’s Personal Information Protection Laws (PIPL) to denote when Chinese companies may transfer personal information overseas. The new regulations require companies to obtain a certification from a designated authority …
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The Australian Competition and Consumer Commission (ACCC) has announced that it will be examining the expansion of digital platform ecosystems in Australia as part of its Digital Platform Services Inquiry. The ACCC has released an issues paper and identified several areas of concern, including the use of data by digital platforms, the impact of digital …
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The emergence of the “Internet of Things” and the increasing reliance of organisations on the data economy, especially Big Data and machine learning, have led to the emergence of data privacy lawyers. With their expertise in laws relating to cybersecurity, data protection and privacy, data privacy lawyers are becoming more important to businesses in all …
The Law Council of Australia has expressed its opposition to the use of artificial intelligence (AI) in court, arguing that it cannot replace the human judgment and expertise of legal professionals. The council’s president, Luke Murphy, said that lawyers would not be threatened by AI technology, but rather embrace it as a tool to enhance …
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The Australian government has recently introduced new positive security obligations for owners of critical infrastructure assets. The new laws require owners and operators of critical infrastructure to take a more proactive approach to security. Critical infrastructure includes assets and systems that are essential to the functioning of Australia’s economy and society, such as electricity grids, …
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