Data Privacy & Security Data Privacy & Security

Bank of Queensland receives Australia's first-ever fine for data-portability failings

By James Panichi
  • 14 Jul 2022 02:55
  • 14 Jul 2022 02:55
Bank of Queensland has become Australia’s first financial institution to be fined for failing to adhere to new open-banking rules, with the country’s competition regulator announcing this week that the lender would pay an infringement notice of A$133,200 ($90,181) over the lapses.
In a statement published on Wednesday (see here),

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

James Panichi

Senior Editor, Asia Pacific

James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the European operation of US political website Politico as an investigative reporter specializing in governance, transparency and lobbying.

Discover MLex

Stay on top of global regulatory developments

Latest News