Members of the Australian technology industry have warned that the Government's encryption bill would devastate their reputation, triggering job losses and a reduction in exports.

Under its proposed powers, the Assistance and Access Bill could require a company to create a new mechanism for law enforcement to access encrypted communications — for example, text messages from a terrorist suspect — while also demanding it keep the capability a secret.

Francis Galbally, chairman of the leading encryption provider Senetas, said this situation would breed serious mistrust of businesses like its own.
https://www.abc.net.au/news/science/2018-11-30/encryption-bill-tech-business-damage-international-reputation/10570316