The Security Legislation Amendment (Critical Infrastructure Protection) Act 2022 (SLACIP Act) came into effect on 2 April 2022, representing a core element of the Government’s response to the ever-increasing cyber threats faced by Australian businesses.
Following passage of the SLACIP Act, the Security of Critical Infrastructure Act 2018 has now been expanded to cover financial services organisations (including superannuation), and contains three positive security obligations:
- Mandatory cyber security incident reporting
- Requirement to provide operational and ownership information to the register of critical infrastructure assets
- Requirement to have, develop and maintain a risk management program.
The Minister for Home Affairs also now has the ability to designate Systems of National Significance which may be subject to enhanced cyber security obligations.
This workshop, facilitated by cyber regulation SME representatives from the PwC Cybersecurity and Digital Trust team, is an interactive session to discuss and understand the new regulatory expectations under the SLACIP Act and help you identify practical steps to manage compliance and avoid regulatory penalties.
After this session you will be able to understand the new regulatory expectations and apply your knowledge to support decision making around:
- objectives and definition of the positive security obligations under the SLACIP Act
- key considerations to assess applicability for your organisation
- practical steps to manage compliance.
Don’t miss this information-packed session.
Key topics to be discussed include:
- Overview of new reforms: Background, objectives, applicability and timelines
- Implications of the new reforms to the Superannuation sector
- Perceived overlaps with existing regulatory requirements (e.g. CPS 234)
- Practical next steps to manage compliance
Who should attend?
- trustees and directors
- CEOs, CIOs and senior management staff
- governance, compliance and risk professionals
- service providers
- those who support the board/trustee function.
How you’ll learn
One-hour online virtual workshop
ASFA’s virtual workshops are a live and interactive learning experience. Participants can engage with industry-leading presenters who are experts in their field, together with their peers, just like they would at an ASFA face to face workshop. It is a unique opportunity to workshop ideas and concepts in a collaborative online environment facilitated by experts.
Virtual workshops are limited to 30 participants to allow for discussion, and to ensure that participants have ample opportunity to ask presenters questions..