For entities deemed to be responsible for certain newly
defined critical infrastructure assets in Australia, a new
legislative framework in about to be expanded for the management of
information in relation to those critical infrastructure assets and
the mandatory notification of cyber security
incidents.
On 22 November 2021,
the Security Legislation Amendments (Critical Infrastructure)
Bill 2021 (Cth) passed both Houses of Parliament and will
become law upon the Governor-General's assent, with Schedule 1,
Parts 1 and 2 commencing one day after receiving Royal Assent
(New Act).
This New Act will significantly expand the market sectors
regulated under the Security
of Critical Infrastructure Act 2018 (Cth) (SOCI
Act 2018) and is intended to expedite the extension of
Federal Government powers to address increasing security threats to
Australia's critical infrastructure assets deemed vital for
maintaining the Australia's sovereign security and in managing
national
