New Privacy Laws

Changes to the Privacy Act are effective from 12 March 2014 and represent the biggest changes in privacy law in 25 years. The Privacy Amendment Act introduces many significant changes to the Privacy Act 1988 and the changes implemented include Privacy Principles which relate to the handling of personal information by public sector agencies, large businesses, all health service providers, some small businesses and non-government agencies.

Among the revisions of the Privacy Act is the implementation of Australian Privacy Principles (APPs) which regulate the handling of personal information and cover the collection, use, disclosue and storage of personal information and Credit Reporting Provisions which regulate consumer credit reporting in Australia.

The Privacy Act provides a framework with the aim to protect and respect the privacy of individuals but at the same time, provide credit providers with enough information on which to assess the provision of credit to an individual.

Within this Privacy framework are provisions for the protectection of consumer rights and a code of conduct for credit providers.

Further information about the Privacy Act can be found here:
http://www.oaic.gov.au/privacy/privacy-act/the-privacy-act

To view our Privacy Policy, click here.

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