New Federal Privacy Laws

Feb 19, 2014

The Federal Government has enacted new privacy laws which will cause significant changes to the obligations of businesses in their receipt, collection, storage, disclosure and use of the personal information of individuals.

These new privacy laws will be in force on and from 14 March 2014.

Depending on annual turnover and/or some other factors many businesses will now be subject to the new privacy laws.

These new laws dictate such things as the receipt, collection, storage and use of personal information. ‘Personal Information’ will include things that you may ordinarily expect (eg. names, contact details, bank account and credit information) but can also include such things as photos, thoughts, opinions and preferences.

The Privacy Commissioner has been given new powers under this Act including the ability to seek civil penalties in excess of $1m for serious or repeated privacy breaches. There are also criminal and civil sanctions that can be imposed for breaches of the credit reporting regime.

Your current privacy policy may not comply with the new Act and may need to be updated. There could also be other factors particular to your business that may need further consideration in light of these new laws.

Don’t hesitate to call us to further discuss the new privacy laws and their impact on your business.

 

The content in this article is intended to provide a general guide to the subject matter only.  Specialist advice should be sought for your specific circumstances.