Object
3 Object
The object of this Act is to provide a framework for managing risks relating to critical infrastructure, including by:
improving the transparency of the ownership and operational control of critical infrastructure in Australia in order to better understand those risks; and
facilitating cooperation and collaboration between all levels of government, and regulators, owners and operators of critical infrastructure, in order to identify and manage those risks; and
requiring responsible entities for critical infrastructure assets to identify and manage risks relating to those assets; and
imposing enhanced cyber security obligations on relevant entities for systems of national significance in order to improve their preparedness for, and ability to respond to, cyber security incidents; and
imposing enhanced security obligations on responsible entities for critical telecommunications assets; and
providing a regime for the Commonwealth to respond to serious incidents relating to critical infrastructure assets.
This Act’s bill:Explanatory memorandumSecond reading speech
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