Australia: Centre launched to manage critical infrastructure
Source: Asia Insurance Review | Mar 2017
The Australian government has launched a centre dedicated to managing the complex and evolving national security risks to Australia’s critical infrastructure.
The Critical Infrastructure Centre, established within the Attorney-General’s department, will develop coordinated, whole-of-government national security risk assessments and advice to support government decision-making on investment transactions. It also aims to provide greater certainty and clarity to investors and industry on the types of assets that will attract national security scrutiny.
While its initial focus will be on the most critical assets in Australia’s electricity, water and ports sectors, the Australian government will consult with states, territories, industry and investors to consider what other assets require attention.
“With increased privatisation, supply chain arrangements being outsourced and offshored, and the shift in our international investment profile, Australia’s national critical infrastructure is more exposed than ever to sabotage, espionage and coercion. We need to manage these risks by adopting a coordinated and strategic framework,” said the statement issued by the government about the Centre.