Privacy Act changes – new laws from March 2014
The purpose of the Privacy Act is to protect individuals against the mishandling of personal information about them by organisations that collect or share that information. Significant changes to the Act will come into force in March 2014 and are likely to affect you and your business. These are the most significant changes to Australian Privacy laws since the current Act was passed in 1988.
Until now, the Act has not taken into account the rise of the internet and the predominance of online business dealings. Online banking and billing and electronic marketing did not exist when the Act was implemented.
The changes to the Act include restrictions on what type of personal information can be collected. This means you will need to review how you identify, manage and monitor the personal information residing in your organisation, how that information can be used (eg for direct marketing), and the basis on which personal information, may be shared with a third party either in Australia or overseas.
If you need advice on ensuring your business is ready for these Privacy changes, whether by way of a Privacy audit or a review of your current documentation, please contact:
Peter Stewart, Managing Principal
Phone: + 61 2 9895 9200