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Australia
financial services licensingcybersecurity risk management
ASIC v RI Advice Group Pty Ltd
[2022] FCA 496
Key Principle
An Australian financial services licensee's general obligations under s 912A(1)(a) and (h) of the Corporations Act 2001 (Cth) - to provide financial services efficiently, honestly and fairly and to have adequate risk-management systems - extend to documenting and implementing adequate cybersecurity and cyber-resilience controls across its authorised representatives.
Area of Law
data-protection
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