The Australian Competition and Consumer Commission (ACCC) has issued a final determination allowing the Association of Superannuation Funds of Australia and specified industry participants to collectively negotiate terms with cyber and financial crime information sharing platforms and exchange threat information through them. The authorisation runs until Oct. 9, 2031, and is conditional on the association giving the ACCC ongoing access to the platforms and allowing it to share platform information in an agreed manner. The arrangements cover superannuation funds, their service providers and relevant industry associations. Participation is voluntary and non-exclusive, while the authorisation excludes the sharing of pricing, volumes, profitability, commercial strategies, contractual terms and non-public investment information. The ACCC concluded that faster, more coordinated threat responses, stronger protection of members and some cost efficiencies would outweigh the risks of anticompetitive information sharing and reduced competition or innovation among platform providers. The authorisation will take effect on Oct. 9, 2026, if no application for review is made to the Australian Competition Tribunal.
2026-09-17Australian Competition and Consumer Commission
Australian Competition and Consumer Commission conditionally authorises superannuation cyber and financial crime information sharing for five years
The Australian Competition and Consumer Commission has conditionally authorised collective negotiation and threat information sharing through superannuation industry cyber and financial crime platforms until Oct. 9, 2031. The association must give the ACCC ongoing platform access and permit it to share information, while commercially sensitive business information remains outside the authorisation. The approval takes effect on Oct. 9, 2026, if it is not referred for review.