Australia’s plan to participate in the APEC Cross Border Privacy Rules System signals growing importance of accountability-based data practices Companies planning to expand their market into the Asia Pacific region should pay close attention to Australia’s recent announcement that it intends to participate in the APEC Cross-Border Privacy Rules (CBPR) system. It signals that accountability and effective data governance now form the basis for lawful data use and transfer across the globe and should serve as the backbone of all companies’ information governance practices. The APEC CBPR system was developed by participating Asia Pacific Economic Cooperation countries (referred to in this context as “economies”) and designed to build consumer, business and regulator trust…