President of Microsoft Brad Smith has warned that companies are now less likely to store customer data in Australia following the introduction of controversial encryption laws.
Speaking to an audience in Canberra, Mr Smith said the laws are too vague and are damaging to the Australian technology industry and broader economy, with businesses getting increasingly concerned about privacy and are starting to look to overseas markets.
In late 2018, with the support of the Opposition, the Coalition passed laws that give intelligence agencies access to encrypted messages sent by suspected criminals