Strengthening Australia’s cyber security regulations and incentives

In September 2021, we responded to the Department of Home Affairs’ (DHA) ‘Strengthening Australia’s cyber security regulations and incentives’ discussion paper.

The Federal Government commenced a consultation regarding options for regulatory reforms and voluntary incentives to strengthen the cyber security of Australia's digital economy. 

AusPayNet’s submission sought to present views on facilitating secure information sharing between payments industry participants, to enable them to improve their preventative security measures and promptly take restorative actions. It emphasised the tension within current legislation that either directly or indirectly prohibits information sharing, and it highlighted how other jurisdictions have addressed similar issues. The submission also included suggestions on how the regulatory environment may be improved for clarity, consistency, and ease of compliance.

AusPayNet’s submission is available below.