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17:34
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Originally posted by It investor:
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I expect that Optus should be getting probed as Telecommunications equipment is registered as critical infrastructure under the Security of infrastructure Act 2018. Telecommunications assets are part of the definition. This could lead to significant penalties or enforcement provisions. I imagine this is a significant issue, but reputational damage will be more significant.
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It is crazy how Optus have got away with this for so long. The penalties should be increased to say $500 million AUD per outage.
Originally posted by Frankjackson:
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I see coco tell really going good extra cables from albo maybe a 900 mill profit next year ,Optus hitting the s bend like virgin.
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The market does not think so. TLS is still in the penalty box for all its previous disasters.
(20min delay)