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12/09/20
08:07
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Originally posted by itzgr82balive:
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No. The illegal part was the transfer of ISX's data from VISA EU to VISA AU. ASIC picked up the data legally under the corporations act and passed it to ASX legally under the same act. The act says that ASX must only use the data for a breach of the listing rules and must not share it externally with any other party. ISX says ASX did, although it is unclear who they shared it with. We also wonder how ASIC knew the data was there to pick up and who, if anyone asked for VISA to do it - or whether VISA did it on their own bat in their own attempt to destroy ISX. Dirty business - and ASIC is worried about them getting involved because it might destroy confidence in the Australian Financial (and regulatory) systems?
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My impression is that the ASX passed the data in to CUtz and that is the data breach on the AUS side and I agree the GPDR beach was the manual transfer of the data frim VISSA EU to VISA AU