Business News Releases

Committee to review Critical Infrastructure Bill and launch statutory review of Security of Critical Infrastructure Act

THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced a review into the Security Legislation Amendment (Critical Infrastructure) Bill 2020.

The Bill review was referred to the Committee by Christian Porter MP, Attorney-General. As part of the referral, the Attorney-General suggested the Committee also launch the review of the Security of Critical Infrastructure Act 2018 (the Act), required by section 60A of that Act, at the same time. The Committee has agreed to undertake both reviews simultaneously, as the Bill amends the Act to be reviewed.

The Bill is introduced to amend and build on the existing regulatory regime created by the the Act, to enhance security and resilience of critical infrastructure assets and systems of national significance. Expansion of the concepts to include systems of national significance is intended to widen the regime to address threats such as natural disasters and cyber-attacks.

The Bill seeks to achieve this expansion by amending the Act to:

  • identify critical infrastructure assets across 11 industry sectors (increased from the current 4 sectors);
  • establish positive security obligations for critical infrastructure assets, including to adopt and maintain a critical infrastructure risk management program (to be delivered through sector-specific requirements) and mandatory cyber incident reporting;
  • introduce enhanced cyber security obligations to ensure Government and industry can work collaboratively to strengthen the cyber preparedness and resilience of entities that operate assets of the highest criticality to Australia's national interests (defined as systems of national significance); and
  • provide Government with the necessary and proportionate powers to be exercised as a last resort in circumstances where a cyber security incident has, is, or is likely to impact a critical infrastructure asset and Australia's national interest.

The statutory review of the Security of Critical Infrastructure Act 2018 will analyse the operation, effectiveness and implications of the reforms introduced in the Act.

As per section 60A of the Act, the review will:

  • consider whether it would be appropriate to have a unified scheme that covers all infrastructure assets (including telecommunication assets) that are critical to:
    1. the social or economic stability of Australia or its people; or
    2. the defence of Australia; or
    3. national security; and
  • review the circumstances in which any declarations have been made under Part 6 of this Act (declarations of assets by the Minister); and
  • report the Committee’s comments and recommendations to each House of the Parliament.

More information regarding the two reviews and their referral can be found at the review website.

The Committee requests submissions to both reviews by Friday 12 February 2021. Submitters may wish to address both reviews in the one submission if the separation between the two scopes and interrelated elements are clearly identified in the submission.

Prospective submitters are advised that any submission to the Committee’s inquiry must be prepared solely for the inquiry and should not be published prior to being accepted by the Committee.

Further information about making a submission to a committee inquiry can be found at the following link.

ends

  • Created on .

Committee to review intelligence oversight bill

THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) has commenced a review into the Intelligence Oversight and Other Legislation Amendment (Integrity Measures) Bill 2020.

The bill review was referred to the Committee by Christian Porter MP, Attorney-General.

The Intelligence Oversight and Other Legislation Amendment (Integrity Measures) Bill 2020 introduces specialized intelligence oversight for additional agencies with intelligence functions in the national intelligence community.

The Bill proposes to:

  • expand the oversight of the Inspector-General of Intelligence and Security (IGIS) to the intelligence functions of the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Criminal Intelligence Commission;
  • expand the oversight of the PJCIS to the intelligence functions of AUSTRAC; and
  • make amendments to the Inspector-General of Intelligence and Security Act 1986 to improve clarity, modernise drafting expressions and remove redundant provisions, as well as amendments to address certain limitations in the IGIS’s oversight functions and powers in order to strengthen the integrity of inquiry processes.

The Committee requests submissions to the inquiry by Friday 12 February 2021.

Prospective submitters are advised that any submission to the Committee’s inquiry must be prepared solely for the inquiry and should not be published prior to being accepted by the Committee.

Further information about making a submission to a committee inquiry can be found at the following link.

Further information on the inquiry can be obtained from the Committee’s website.

ends

  • Created on .

A $100 billion agriculture sector by 2030

THE Australian Parliament’s Agriculture and Water Resources Committee has published its report Growing Australia: Inquiry into growing Australian agriculture to $100 billion by 2030.

The committee’s inquiry considered how the Australian agriculture could reach the target set by the National Farmers’ Federation to grow the sector to a farmgate value of $100 billion by 2030.

The Committee Chair, Rick Wilson MP, described this target as ambitious but achievable and noted that "Australian producers have a strong track record of taking advantage of economic opportunities and delivering productivity growth over the long-term.

"Australian farmers have consistently identified and embraced new technologies and techniques that can improve their businesses. This innovative mindset makes our producers well placed to benefit from the digital technologies that are rapidly becoming central to the process of farming," Mr Wilson said.

Mr Wilson also highlighted the importance of exports to the sector, stating,  "There is perhaps no issue that will affect the trajectory of Australian agriculture more than our ability to expand and diversify our export markets.

"The quality of Australian produce is recognised globally, and to take advantage of this reputation we must continually look for opportunities to expand into new markets, as well as seek productivity improvements that allow our producers to remain ahead of the game in competitive international markets," Mr Wilson added.

The report includes recommendations aimed at promoting adoption of innovative new technologies, developing a national biosecurity strategy, increasing export market access for Australian producers, and attracting young people to undertake a career in agriculture.

The report can be found at the inquiry website.

ends

 

 

  • Created on .

Boredom buys: Aussies shop big in 2020 to shake off COVID-19 blues

AUSTRALIANS turned to retail therapy to counter feelings of loneliness or to stave off boredom and anxiety caused by the COVID-19 lockdowns, a new report by Monash University researchers has found.

As the pandemic restrictions adversely affected the mental health of many Australians, research by Monash Business School’s Australian Consumer and Retail Studies (ACRS) node found people turned to their wallets to help them cope during those uncertain times.

Findings of the latest report, found more than two-thirds of Aussie shoppers felt moderately to a great deal happy, in control and experienced a level of normalcy when shopping for non-grocery products.

More than 55 percent of shoppers said they did not feel lonely, stressed or bored while shopping for non-grocery retail products.

This year, Aussies bought the most of clothing, footwear and accessories (59%); homeware and hardware (45%); and personal care products, such as cosmetics and baby care (37%).

A higher proportion of women made purchases in clothing, footwear, and accessories (70% to 48% men) and personal care (48% to 25% men).

Unsurprisingly, at the supermarket checkout, Aussies stocked up big on toilet paper, tissues and paper towels (14%); pasta and noodles (13%); cleaning supplies (12%); frozen foods (11%) and sanitisers and soaps (10%). The biggest stocked piled grocery items were canned goods and soups (15%).

And while delivery timings of online purchases were a pain-point in 2020, with 38 percent of shoppers reporting that delivery times were worse than the previous year, overall the retail experience of online shopping was viewed as being better than the previous year (25%) and so too was customer service online (21%).

To understand the effect COVID-19 has had on the retail industry and Australian shoppers, Monash Business School’s Australian Consumer and Retail Studies (ACRS) has been conducting a monthly shopper pulse survey since September 2020.\

The report, containing feedback from nearly 5,000 shoppers across Australia, highlights the fluctuating retail trends and the out-of-the-ordinary purchases made on certain products because of the COVID-19 pandemic.

“Those surveyed said they rushed to the shops to stock up on those goods because they wanted to ensure their family/household was taken care of, they expected disruptions to supply chains, and they expected to spend more time at home and wanted appropriate products,” Stephanie Atto, principal research consultant at the ACRS, said.

“Similarly, Australians also made a number of out-of-the-ordinary purchases because of COVID-19, including casual/loungewear (12%), sports clothing and shoes (8%); face/body care (9%) and haircare (7%); as well as household items for cooking and baking (7% and 6% respectively) and drinks appliances, such as coffee makers (6%).”

Aussies also binged on subscriptions to online movies and TV platforms, such as Netflix, Disney+ and Stan (8%), bought new laptops/tablets (7%) and smartphones (6%), and stocked up the home gym with weights and exercise balls (5%).

However, shoppers were most concerned about being COVID-safe while shopping in store for essential items.

Shoppers agreed that most retailers introduced appropriate safety measures (84%), acted in the interests of their customers (77%), and made it convenient for customers to shop with them (76%).

As small businesses struggled and many closed their doors, shoppers said they would do what they could to support the Australian retail industry, with many expected to shop more for products that are locally produced (61%).

Aussies are also expected to be more conservative with their spending (58%) and will seek out sales or special deals (66%) in the future.

“Although we can’t know exactly what the next year will bring, this year has demonstrated the need for a seamless connection between the physical store, online offerings and improved technology integration into the retail experience. We can also expect some of the shopping behaviours that have changed this year to continue into the future,” Ms Atto said.

To read the more detailed article, visit Monash Business School’s Impact.

ends

  • Created on .

AWU welcomes fuel refinery support package, urges action on odd-man-out BP

THE Australian Workers’ Union (AWU) has welcomed the Federal Government’s support package for Australia’s fuel refineries and has called for BP to be pulled into line so Western Australia can retain its fuel refining capacity as well.

The Federal Government’s package offers Australia’s under-pressure refineries some relief in exchange for a commitment to stay operational for the next decade.

AWU national secretary Daniel Walton, who led a delegation to Canberra this month to push for refinery support, said the package showed Australia can and should retain its fuel refining capacity.

“On behalf of the thousands of AWU members who refine fuel in Australia I commend the government for listening and for acting. Today’s announcement is a hugely important step,” Mr Walton said.

“Being able to make our own fuel is a critical sovereign capability. Without it, we are completely at the mercy of trade routes that are threatened by potential international conflict or pandemics.

“The Federal Government has done the right thing here by recognising the national interest and doing a deal that create a path for our fuel refineries stay open.

“Obviously the industry is highly dynamic and we will keep working with our members, employers, and the government to ensure these policies are continuously reviewed and calibrated to ensure Australia retains its fuel refining capacity.”

Mr Walton said the package underscored why BP’s decision in October to shut the Kwinana fuel refinery in WA should not be accepted.

“BP claims it has to shutdown Kwinana, but the reality is it’s just a preference based on the company’s commercial interest. There is absolutely no reason BP cannot continue operating Kwinana profitably with these support measures in place,” Mr Walton said.

“Our governments can’t allow BP to completely call the shots on what is a crucial sovereign capacity.

“Our leaders should put a hard choice to BP: either keep Kwinana running as a fuel refinery or hand it over to someone who can.”

ends

  • Created on .

Contact Us

 

PO Box 2144
MANSFIELD QLD 4122