Australia: ASIC v RI Advice on management of cybersecurity risks
Progress
Current status
in force
05 May 2022 in force
21 Aug 2020 under deliberation
Scope
Implementers
Australia
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
other service provider
Government Branch
judiciary
executive
Government Body
court
other regulatory body
Implementation Level
national
Timeline of events
Judgment issued in ASIC v RI Advice including cybersecurity
On 5 May 2022, the Federal Court of Australia handed down a judgment in the case of the Australian Securities and Investments Committee (ASIC) v RI Advice Group, a financial advisor company. The Court ruled that RI Advice had failed to have the prop…
SourceEvent type
public lawsuit
Action type
ruling
Government branch
judiciary
Government body
court
ASIC v RI Advice including cybersecurity filed
On 21 August 2020, the Australian Securities and Investments Committee (ASIC) filed a case against RI Advice, a financial advisor company, with the Federal Court of Australia, alleging that RI Advice had contravened the Corporations Act by its failu…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body