On 19 October the Privacy Amendment (Notifiable Data Breaches) Bill 2016was introduced into the House of Representatives. If passed, the new law will require entities subject to the Privacy Act 1988 (Cth) to notify data subjects and the Information Commissioner of an "eligible data breach".
Trade between Singapore and Australia is strong as the value of two-way goods trade was AUD 16.2 billion in 2015. Both countries took steps to make it even stronger when they completed the 3rd review and signed updates to the Singapore-Australia Free Trade Agreement on 13 October 2016.
After several years of development, involving input from over 50 countries, the International Organisation for Standardisation (ISO) has finally published ISO 37001: Anti-Bribery Management Systems Standard - a new international standard designed to assist organisations worldwide in implementing and maintaining effective anti-bribery systems.
KYC headaches eased – Australian Government broadens KYC methods under the Anti-Money Laundering and...
On 11 September 2016, the Australian Government introduced the Anti-Money Laundering and Counter-Terrorism Financing Rules Amendment Instrument 2016 (No. 1).
On 5 September 2016, the Australian Government released for consultation exposure draft legislation which would inter alia introduce an "effects test" into the prohibition against misuse of market power.
Baker & McKenzie released the 2016 edition of its Global Overview of Anti-Bribery Handbook. You can read the Handbook for free on Global Compliance News.
The Australian Privacy Commissioner has released a joint report with the Privacy Commissioner of Canada regarding the data breach in 2015 that occurred to a dating website operator's system
Insights from the 8th Annual Association of Certified Anti-Money Laundering Specialists (ACAMS) Asia Pacific Anti-Money Laundering and Financial Crime Conference in Beijing
In February 2016, 12 countries signed the Trans-Pacific Partnership Agreement. We highlight in this post TPP standards on anti-corruption as well as the potential implications on Singapore and Malaysia,
The Australian Federal Court has clarified when a foreign corporation supplying goods to Australian consumers will be subject to the Australian Consumer Law.