Businesses have until next Wednesday 12 March to comply with two new sets of privacy obligations under the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth).
Businesses that don't comply can be penalised with fines of up to $1.7 million for companies and $340,000 for individuals.
The first set of obligations deal with how businesses manage personal information. The obligations are imposed on businesses with an annual turnover of more than $3 million. Click here to read our legal alert on the personal information obligations.
The second set of obligations deal with how businesses manage credit information. The obligations are imposed on businesses if they supply to individuals on credit or defer payment for goods or services for at least seven days (irrespective of turnover). Click here to read our legal alert on the credit information obligations.
Winner – EOWA Employer of Choice for Women Citation 2009,
2010, 2011 and 2012
Winner – ALB Gold Employer of Choice 2011 and 2012
Finalist – ALB Australasian Law Awards 2008, 2010, 2011 and
2012 (Best Brisbane Firm)
Winner – BRW Client Choice Awards 2009 and 2010 - Best
Australian Law Firm (revenue less than $50m)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
