Legal Compliance

Digital Signature - Legally Binding 

The State Records Act and the Electronic Transacons Act  place many obligaons on companies, least of which includes to ensure all business records, regardless of form, are appropriately managed and in instances where a legal signature is required the authencity of the author can be verified.

 

Electronic Transactions Act - Legal Requirements

 

for a signature is met by means of an electronic signature if the signature:

  • Adequately identifies the signatory

  • Adequately indicates the signatory's approval of the information to which the signature relates; and (Intent)

  • Is as reliable as is appropriate given the circumstances

 

An electronic signature is sufficiently reliable if:

  • the means of creating the signature is linked to the person signing and no-one else, and

  • the means of creating the signature was under the control of the person signing and no-one else, and

  • any changes to the signature are detectable, and

  • any changes to the documents are detectable (data integrity )

 

How Digital Signature Solution Meets ETA ?

  • Identifying the Signatory – The solution creates a unique digital certificate to a user. When these signatories registered, additional information is added to their signature

  • Signature is linked to the signatory - Every signature is uniquely linked to the signatory and to the document by using signatory’s Private Key.

  • Creating the signature is under sole control of the signatory - In order to sign, the signatory has to provide credentials to sign.

  • Detecting Changes to the Document and to the Signatures - Signed documents are sealed with the signatory’s trusted PKI digital signatures key, and the system can detect any changes that were made to the content of the document after it was first signed.

The X509 PKI Digital Signatures technology meets these requirements. Secured Signing and CoSign products are issuing a signatory’s personal certificate ID to sign and sealed documents. Many originations in Australasia checked the legality of digital signature and the outcome was positive, and they implemented CoSign or Secured Signing.

 

Legislation in Australia and New Zealand:

Australian Capital Territory -ELECTRONIC TRANSACTIONS ACT 2001

Australia, New South Wales (NSW) - ELECTRONIC TRANSACTIONS ACT 2000

Australia, Northern Territory (NT) - ELECTRONIC TRANSACTIONS ACT 2000

Australia, QLD - ELECTRONIC TRANSACTIONS (QUEENSLAND) ACT 2001

Australia, VIC - ELECTRONIC TRANSACTIONS (VICTORIA) ACT 2000

Australia, SA - ELECTRONIC TRANSACTIONS ACT 2000

Australia, WA - ELECTRONIC TRANSACTIONS ACT 2003

Australia, Tasmania - ELECTRONIC TRANSACTIONS ACT 2000

New Zealand - ELECTRONIC TRANSACTIONS ACT 2002

 

Please Note: Nothing on this page constitutes Legal advice