3  Object

•   The object of this Act is to provide a framework for managing risks relating to critical infrastructure, including by:

  • (a)

    improving the transparency of the ownership and operational control of critical infrastructure in Australia in order to better understand those risks; and

  • (b)

    facilitating cooperation and collaboration between all levels of government, and regulators, owners and operators of critical infrastructure, in order to identify and manage those risks; and

  • (c)

    requiring responsible entities for critical infrastructure assets to identify and manage risks relating to those assets; and

  • (d)

    imposing enhanced cyber security obligations on relevant entities for systems of national significance in order to improve their preparedness for, and ability to respond to, cyber security incidents; and

  • (da)

    imposing enhanced security obligations on responsible entities for critical telecommunications assets; and

  • (e)

    providing a regime for the Commonwealth to respond to serious incidents relating to critical infrastructure assets.