Meaning of critical data storage or processing asset
12F Meaning of critical data storage or processing asset
An asset is a critical data storage or processing asset if:
it is owned or operated by an entity that is a data storage or processing provider; and
it is used wholly or primarily to provide a data storage or processing service that relates to business critical data and that is provided by the entity to an end‑user that is:
the Commonwealth; or
a body corporate established by a law of the Commonwealth; or
a State; or
a body corporate established by a law of a State; or
a Territory; or
a body corporate established by a law of a Territory; and
the entity knows that the asset is used as described in paragraph (b); and
the asset is not a critical infrastructure asset that is covered by a paragraph of subsection 9(1) (other than paragraph 9(1)(d)).
The rules may prescribe that a specified critical data storage or processing asset is not a critical infrastructure asset (see section 9).
A critical data storage or processing asset that is owned or operated by a carrier may also be a critical telecommunications asset.
An asset is a critical data storage or processing asset if:
it is owned or operated by an entity that is a data storage or processing provider; and
it is used wholly or primarily to provide a data storage or processing service that:
is provided by the entity to an end‑user that is the responsible entity for a critical infrastructure asset; and
relates to business critical data; and
the entity knows that the asset is used as described in paragraph (b); and
the asset is not a critical infrastructure asset that is covered by a paragraph of subsection 9(1) (other than paragraph 9(1)(d)).
The rules may prescribe that a specified critical data storage or processing asset is not a critical infrastructure asset (see section 9).
A critical data storage or processing asset that is owned or operated by a carrier may also be a critical telecommunications asset.
If:
an entity (the first entity) is the responsible entity for a critical infrastructure asset; and
the first entity becomes aware that a data storage or processing service:
is provided by another entity on a commercial basis to the first entity; and
relates to business critical data;
the first entity must:
take reasonable steps to inform that other entity that the first entity has become aware that the data storage or processing service:
is provided by the other entity on a commercial basis to the first entity; and
relates to business critical data; and
do so as soon as practicable after becoming so aware.
Civil penalty for contravention of this subsection: 50 penalty units.
This Act’s bill:Explanatory memorandumSecond reading speech
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