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International Restructuring Newswire
Welcome to the Q3 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
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Australia | Publication | October 2022
On 26 October 2022, the federal government tabled the Privacy Amendment (Enforcement and Other Measures) Bill proposing to significantly increase penalties for privacy breaches, among other reforms.
Introduced into parliament after several high profile breaches, the bill introduces four major reforms:
While the headline act of the Bill is the increased penalty regime, some of the expanded powers are worth reviewing, in particular the new information gathering, assessment and public notification powers to be granted to the Commissioner that may result in unintended consequences, particularly where an entity is in the process of handling a breach.
The increase in penalties has been the most commented on aspect of the reforms. The Bill proposes corporate bodies that commit serious or repeated interferences with the privacy of an individual now face penalties that are the greater of:
The Bill was read a second time on 26 October 2022 and then was referred to a Senate Committee for review. The public comment period closes on 7 November 2022. Should you wish to make any submissions, we would be happy to assist.
The Senate Legal and Constitutional Affairs Committee will deliver its report on 22 November 2022. Depending upon the content of the report, the government may make additional amendments to the bill, following which it will continue its legislative journey.
Organisations should consider their privacy and data protection activities in light of the current climate and new laws coming into force. In this article we suggest some key questions to ask to begin that process.
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Welcome to the Q3 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
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The English Court of Appeal has decided that an artificial neural network (ANN) was not patentable in Comptroller-General of Patents, Designs and Trade Marks v Emotional Perception AI Ltd [2024] EWCA Civ 825 reversing the finding of the lower court (the High Court), and in so doing agreeing with the UK Intellectual Property Office’s (IPO) original rejection of the patent application on the basis of unpatentable subject matter.
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In this edition we look at real estate highlights from the King’s Speech; a Supreme Court decision on whether discharges of sewage into a canal can be a nuisance; and the management of “higher-risk buildings”: what is a building assessment certificate and who is the Accountable Person?
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