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Significant reforms to Australia’s critical infrastructure legislation are now in force. This legislation will drive security uplift across our nation’s critical infrastructure sectors, which have been expanded from four to 11, with a key focus on bolstering cybersecurity. Captured sectors provide essential services to Australians and are vital to ensuring our national security and way of life.
Manage risk, find efficiencies and help secure Australia
The central feature of the legislation is the requirement for critical infrastructure asset operators to demonstrate adequate risk management, using an all-hazards approach. Under the legislation critical infrastructure entities must reasonably demonstrate they have aligned to legislative requirements through a Board-level attestation to the Minister for Home Affairs.
Aside from compliance, there are significant flow-on benefits for companies investing in effective risk management planning. Taking an all-hazards approach to your enterprise will improve resilience, help identify scenarios where unanticipated costs and risks could arise and uncover opportunities for greater efficiencies.
There is no one-size-fits-all approach to critical infrastructure risk management - every organisation is unique and requires risk management solutions tailored to its specific needs. A cornerstone of the reforms is the ability for captured entities to demonstrate they are taking reasonable steps to mitigate threats. Engaging with the reforms and finding the right solution for your organisation is an opportunity to find efficiencies, manage risk and ultimately help secure Australia.
As a firm whose purpose is to build trust in society and solve important problems, we are here to help your organisation.
What sectors are captured?
Communication
Financial services and markets
Space technology
Food and grocery
Food and grocery
Transport
Defence industry
Health care and medical
Water and sewerage
Energy
Higher education and research
This package of security measures includes three acts:
An important problem we're committed to solve
At PwC, we’re passionate about protecting Australia’s critical infrastructure, which is so central to our way of life and national security. We are proud to play an important role in advancing our nation’s critical infrastructure security, working across the industry spectrum to build resilience. Our experts played an active role in consultations into Australia’s revised critical infrastructure regime and continue to stay abreast of the latest developments in the space, ensuring accurate, current and timely advice.
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Contact us
Mike Younger
Partner, Cybersecurity & Digital Trust, PwC Australia
Tel: +61 490 093 981