Australia's dob-yourself-in breach
reporting is hard now, but things are about to get a lot
harder.
A new Bill (an exposure draft at this stage) seeks to amend the
Corporations Act 2001, to expand the number of
circumstances in which breaches must be reported. These changes are
likely to result in a lot more breach reporting.
The Bill also proposes changes to the Credit Act, which will
require Australian
credit licensees to report breaches and other reportable
circumstances.
What are the new breach reporting requirements and other
reportable circumstances?
The Bill includes new and additional reportable circumstances.
The new requirements as currently drafted, include reporting on the
following:
