Breach Blanket Bingo

So it looks like Australia may finally have a data breach notification law. It was back in 2011 when the Government started really discussing this again and at that time I wrote a little about it and posted to links to an interesting point/counterpoint as to whether these laws work. While I think the jury may still be out, I hope some law is better than no law and at the very least we get something reasonable that makes sense.
(am I setting the bar too high here?)

At the same time "China" is reported to have hacked the Australian Government, including stealing plans for the new ASIO Headquarters - but it seems we forgive them, so all is OK.

I wonder if/what the Government would have to report if the new laws were in place already?

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