The Copyright (New Technologies) Amendment Act has many good points. For example, ISPs do not breach copyright by holding a copy of a work, either in a cache or elsewhere on the system, such as on a Web page that they run for a user (the ISP was in breach before). The Act also allows time-shifting, format shifting, and decompiling.
While “Technological Protection Measures” are allowed, it is not as bad as it could have been. For example, the CSS “encryption” on DVDs is not a TPM, because it “only controls access to a work for non-infringing purposes” (Section 226(b)).