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Countdown to new breach reporting regime

Licensees should be aware of the new breach reporting provisions which commence on 1 October and how these changes affect your current policies and procedures.

Key points to be aware of include the following:

  • The current ‘self-assessment’ of significance will remain for some types of breaches, however a broad range of breaches will be ‘deemed’ to be significant, and a reporting obligation will be automatically triggered.
  • There will be more ‘reportable situations’, including an obligation to report to ASIC in relation to breach investigations that continue for 30 days or more.
  • ASIC has an obligation to publish details of certain breach reports it has received, including the entities which lodged those reports.

We can assist with a review of your current policies and procedures. Contact partner Elliott Stumm or lawyer Jessica Fuller for more details.


Elliott Stumm

Elliott Stumm


Jessica Fuller

Jessica Fuller


Contact McMahon Clarke

T +61 7 3239 2900
A Level 7, 100 Creek Street, Brisbane Qld 4000

T +61 3 9909 1400
A Level 2, 696 Bourke Street, Melbourne Vic 3000