Privacy and Data Protection
Australian privacy laws have undergone significant reforms with the introduction of the Privacy Amendment (Enhancing Privacy Protection) Act 2012 on 12 March 2014. The legislation has overhauled the credit reporting regime, introducing positive reporting and has introduced a single set of Australian Privacy Principles (APPs) applicable to commonwealth government entities as well as private organisations.
The legislation has created additional powers for the Privacy Commission, including the power to impose fines of up to $1.7 million for serious breaches of privacy as well as the ability to obtain enforceable undertakings from businesses. It is important that businesses have appropriate policies and practices and training for staff and management in respect of the new legislative requirements.