- Current filing route; its business option says "equal to or exceeds $3 million," while section 26 of the Act uses "exceeds."
References and citations
- Defines when goods are acquired as a consumer and the resale and production-use exclusions.
- Prescribes $100,000 as the current amount for the consumer acquisition test.
- Supports Board review procedures, including prioritisation, terms of reference, timing, and notification of reviews.
"Terms of reference for reviews"
- Supports the $3 million turnover threshold, prorating method for part-year businesses, and detailed report-content fields.
"the amount of turnover threshold"
- Supports additional matters that may be published after failure to comply with a recall notice, including recall details and recommended consumer actions.
"actions consumers are recommended to consider taking"
- Supports voluntary information sharing with the National Cyber Security Coordinator, the Coordinator's role, and the establishment and functions of the Cyber Incident Review Board.
"National Cyber Security Coordinator"
- Supports the SOCI Act reference used by the Ransomware Payment Reporting Rules for responsible entities and Part 2B critical infrastructure assets.
"Security of Critical Infrastructure Act 2018"