This is the Business Council’s submission regarding the Commonwealth Government’s discussion paper on strengthening Australia’s Cyber Security Regulations and Incentives. Cyber security is a key issue for all parts of the Australian economy, including business, government, and the community, and we support government incentivising all parts of the economy achieving good cyber security outcomes.
Voluntary advice and positive incentives will support the objective of promoting and advancing the resilience of the entire Australian business community to cyber risks. Best practice guidance and investment incentives will provide all parts of the economy with the knowledge and opportunity to lift their security practices. It will also prevent inequitable outcomes or leaving ‘gaps’ in the economy still vulnerable to cyber risks.