The prevalence of loot boxes has been a relatively recent phenomenon in online games, a way of monetising games that are often otherwise free to play. This rising prevalence has been accompanied by increasing concerns that they are a form of online gambling, and therefore ought to be regulated like other forms of gambling. This article examines the controversy and the issues that governments, industry and civil society must grapple with when considering loot boxes.
The Notifiable Data Breaches scheme (February 2018), enacted new obligations for both government agencies and private sector organisations that were already subject to the Privacy Act 1988 (Cth). One year on from the scheme’s introduction, the Office of the Australian information Commissioner (OAIC) reports that data breach notifications have increased by over 700%.
Australia generally welcomes foreign investment. The Foreign Investment Review Board (FIRB) screens certain foreign investment proposals on a case-by-case basis to determine whether a particular proposal is contrary to the national interest. This brochure explains some of the rules governing the screening process through FIRB.
Jacinda Ardern and Emmanuel Macron have rallied world leaders and tech companies this week at an international summit in Paris to announce the ‘Christchurch Call’, a pledge for greater action to “eliminate terrorist and violent extremist content online”. Described by Ardern as a “roadmap to action”, the Christchurch Call seeks to maintain pressure on big tech companies in the wake of the attack to do more to identify and remove extremist content from their platforms.
Should ASIC adopt the ‘litigate first’ approach to enforcement and has it been insufficiently tough on banks? Or have we gone too far in our preoccupation with banking mistakes? In his article in Disputes Yearbook 2019, G+T partner Richard Harris argues that "Bankers and banks are now exposed to much higher risks than ever and a greater probability of the risk eventuating."
An ahead market in the national electricity market (NEM) is a step closer, with the Australian Energy Market Commission recently issuing a consultation paper on the implementation of a short-term forward market to operate alongside the NEM.
This 2019 guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations relating to fintech. Peter Reeves has authored the Australia chapter since the inaugural edition.
Yesterday afternoon (8 May) the ACCC announced its decision to block the proposed $15 billion merger between TPG Telecom Ltd (TPG) and Vodafone Hutchison Australia Pty Ltd (Vodafone). Both TPG and Vodafone have announced they intend to challenge the decision in the Federal Court – in a case that has potentially important consequences for the way legal tests are applied to transactions involving dynamic and fast-moving markets.