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ARTICLE · 08 JUNE 2018

Privacy predicaments: How the new EU General Data Protection Regulation (GDPR) affects Australian companies

The GDPR contains greater rights for EU individuals, and Australian companies should be aware of these new obligations.

AustraliaPrivacy

The European Union General Data Protection Regulation (the GDPR) came into force globally on 25 May 2018. These regulations were implemented to standardise data protection laws across the European Union (EU), as well as to strengthen the privacy rights of EU Citizens.

Within hours of the GDPR coming into force Google, Facebook, Instagram and WhatsApp received privacy complaints, and now face potential fines of up to four (4) percent of their annual worldwide turnover.

As a result, Australian companies should quickly assess whether they are subject to the GDPR and comply with their new obligations. Inaction may land you on the growing list of companies that have already fallen short of these regulations and you could even face some extremely heavy fines.

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