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Australia:
Technology, Media and Telecom sector: The Australian landscape
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Since the last edition of TMT: The Australian
Landscape was distributed in late 2019, businesses and
communities across the world have experienced tumultuous disruption
as a result of the COVID-19 pandemic. But as we start learning how
to live and work with the virus, new and changed opportunities have
arisen for the TMT sector in Australia.
In light of the significant geo-political and national security
issues presently at play, we begin this edition by considering the
new changes to foreign investment review in Australia. M&A
activity in the technology sector has remained relatively strong
during the pandemic, and the proposed regulatory changes will
require careful consideration and planning to ensure deals are not
unduly disrupted.
The rapid adoption of digital health technologies during
COVID-19 may have provided the push the sector needed to find
better traction in the Australian market. We discuss the
opportunities for significant ongoing growth of the sector if
regulatory issues are well managed. We also consider the review of
Australia’s controversial TOLA Act, which gave new powers to
law enforcement and intelligence agencies to obtain information and
assistance from communications providers, look at how learnings
from the pandemic are shaping a new approach to outsourcing and
outline some of the challenges and opportunities ‘big data’
and open banking present in the financial services sector.
We also give thought to the rollout of the 5G network in
Australia, and consider the ways in which new technologies are
being implemented in commercial and residential buildings
(including to try to manage health risks) and the effective use of
Master Systems Integrators in the procurement model.
Finally, continuing our consideration of the widespread
application of artificial intelligence in business, we consider the
role of the human author in content created by AI technologies and
its impact on copyright subsistence. Unless changes are made to
Australia’s copyright law, this could have an adverse impact on
investment in AI-created content.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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| Chambers Asia Pacific Awards 2016 Winner
– Australia Client Service Award |
Employer of Choice for Gender Equality
(WGEA) |
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