An eligible data breach, defined in s 26WE(2) of the Act, is when:
(a) both of the following conditions are satisfied:
(i) there is unauthorised access to, or unauthorised disclosure of, the information;
(ii) a reasonable person would conclude that the access or disclosure would be likely to result in serious harm to any of the individuals to whom the information relates; or
(b) the information is lost in circumstances where:
(i) unauthorised access to, or unauthorised disclosure of, the information is likely to occur; and
(ii) assuming that unauthorised access to, or unauthorised disclosure of, the information were to occur, a reasonable person would conclude that the access or disclosure would be likely to result in serious harm to any of the individuals to whom the information relates;…