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Allens Technology, Media & Telecommunications publications

Unravelled: Pseudo-investments and mobile apps – a new frontier for regulators

It is hardly surprising that the Australian Securities and Investments Commission (ASIC) has taken an interest in the mobile app market, given that there has been an aggressive expansion into the mobile space by financial services providers. ASIC has recently cracked down on web and mobile based OTC derivative providers, and apps that facilitate binary options trading (BOT apps). In this article, we focus on issues that arise in connection with BOT apps.

Focus: Breaking – Australian Government releases draft decryption legislation

The Australian Government has released draft legislation to provide national security and law enforcement agencies with means to access encrypted communications and devices. The draft legislation aims to respond to the increasingly widespread use of encryption by Australian consumers and the challenges this poses for investigative and counter-terrorism activities. The legislation is subject to public consultation until 10 September 2018.

Client Update: Vietnam issues a stringent new cybersecurity law

A new law in Vietnam enabling state control of cyber data will have wide-ranging implications for business costs and compliance. The powers it gives to the Government are extensive, and its coverage is unprecedented. Partner Linh Bui and Associates Hien Nguyen and Khanh Nguyen report on the key issues.

Focus: Federal Government’s bold vision for data availability and use

The Federal Government’s response to the Productivity Commission’s report on data availability and use, released this week, outlines a bold vision but has a surprising lack of detail, suggesting implementation is likely to be some way off. If legislation is introduced, the new regime will result in a fundamental change to the way Australian consumers, businesses and government agencies interact with and think about data. Partner Gavin Smith, Senior Associate Jessica Selby and Lawyer Claudia Hall predict the key impacts.