Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Australian Telco’s Question The Exemption Of Facebook Inc (FB) And Skype On Proposed Data Retention Plans

Telecommunications providers in Australia continue to raise concerns about the proposed $400 million data retention laws, which they feel suppress local communication businesses. The service providers are especially taking issue with the fact that the new laws will not in any way affect overseas services of Facebook Inc (NASDAQ:FB), Gmail and Skype.

Facebook, is FB a good stock to buy, economic impact, Landon Dowdy, Roger Noll

Other service exempted from the proposed data laws include services offered within corporate and university networks as well as Wi-Fi in public. The laws, on the other hand, comes as a relief for the likes of Google Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB), which have been spearheading campaigns for protecting user privacy as they will not be under any scrutiny.  The retention laws according to Australian Prime Minister remain crucial in fighting crime.

Under the newly proposed laws that are to be discussed next month in Parliament, internet service providers as well as Telco’s will be required to store customer records for a minimum of two years. Some of the records to be stored include senders of messages as well as recipients, time of emails and phone calls.

Australian ISP’s that offer email or web mail services will be required to keep information about emails sent and received.  But won’t be required to record interactions using ‘over the top’ services that they don’t directly offer.

John Stanton, representing an alliance of telecommunication companies in the country argues that the laws are unfair as offshore operators led by the likes of Facebook Inc (NASDAQ:FB) and Skype won’t incur any costs yet they compete hand in hand. Stanton also believes that there are ample opportunities for customers to avoid their communications being captured by the proposed scheme by essentially using overseas services.

Greens Senator, Scott Ludlam, has aired his strong views that the poorly proposed laws could be headed to the scrapheap based on the fact that customers will now shift to using the likes of Facebook Inc (NASDAQ:FB), which are not covered. A joint parliamentary community of Intelligence and Security is to complete report on the laws before being tabled in Parliament in March.

Some details on the proposed laws remain unclear especially with regards to the amount of costs that the government will be paying for the implementation of the scheme and on the final data set on what is to be stored.

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!