Legislates the Security of Critical Infrastructure Act 2018
On 11 April 2018, the Security of Critical Infrastructure Act 2018 received assent. The Act creates a framework for managing critical infrastructure by establishing a non-public register of critical infrastructure assets, and by collecting and updating – via reporting obligations for interest holders – information on the operation, ownership and control of the assets in the register. The rules are asset-specific and ownership-neutral and hence apply to domestic and foreign owners alike. The Act also gives the Minister for Home Affairs a power of “last resort” to direct the operator of a listed asset in the registry to do or not do a specific measure to manage an identified national security risk in certain circumstances.
Type: Entry and establishment (Approval and admission), Treatment and operation (Other)
Industry: Not industry specific
- Federal Register of Legislation, Security of Critical Infrastructure Act 2018, Apr 11, 2018
- Minister for Home Affairs (Media Releases), Government continues to safeguard critical infrastructure, Mar 29, 2018
- King & Wood Mallesons, New security rules for investors in critical infrastructure in Australia, May 23, 2018