Small businesses with under AUD 3 million annual turnover have been exempt from Australia's Privacy Act terms to date, but that has been taken off the table in a new round of reforms that could become law in 2024.
Data Protection
Certain types of personal data are very valuable to criminals, and can be very damaging to an individual or business if it falls into the wrong hands. As the world becomes more digital and more connected, more of this sort of data is generated and passed between various sources on a regular basis.
Government regulations and supervisory authorities aren’t just about keeping irresponsible parties in line. They also provide vital security guidance to every type of organization that handles sensitive personal, business or government information.
Data protection regulations also ensure that the end user has a transparent view of and a say in the processing of personal data. These safeguards play a significant role in everything from the preservation of civil rights to ensuring that democratic institutions function properly.
Some types of personal data are clear candidates for regulation: medical records, banking information, national ID numbers and so on. But some of these regulations also cover items that might seem relatively innocuous at first glance: home addresses, email addresses, website profile information and so on. For example, the European Union General Data Protection Regulation (GDPR) has stipulations about anything that is unique to an individual to include phone numbers and social media accounts. People have varying levels of privacy preference with these items, but they are often protected by regulation because they can be used for targeted scams and attempts at identity theft.
Given that regulations often take the size and customer count of businesses into consideration in terms of penalties and the scope of protection of personal data, compliance is particularly important for enterprise-scale organizations. You do not necessarily have to have an active business presence in a country or region; simply storing data on or moving it through servers there may subject you to their data protection rules.
The first tranche of privacy reforms introduced to Parliament provides the OAIC with new penalties for data violators and a new privacy code for children, along with the addition of a new statutory tort for serious invasions of privacy.
The AI software has reportedly been used to search federal data about agency spending on payroll and programs, something that could potentially violate federal privacy or security regulations if personal information is involved.
The GDPR has been in effect for a few months now, and it’s safe to say most businesses are familiar with it by now. It’s also likely a safe bet that at least a few view it as an inconvenience. Truth is, it’s anything but. From a business perspective, privacy regulations are one of the best things that could possibly exist - here’s why.
The fourth draft data protection bill looks to be no less contentious, as it adds vital protections but also exempts the country's government from all of its terms and appears to give tech platforms a fairly free hand in sending citizen data overseas.
Recent DataGrail report shows one-third of enterprises spent more than $1 million on GDPR cost, not taking into account the opportunity cost of lost employees’ hours spent in meeting compliance.
Recent PwC survey results indicate that half of respondents were not confident that their organizations would meet the 2020 deadline for CCPA compliance. What are the lessons learnt from the GDPR compliance exercise that can help companies approach CCPA and other upcoming requlations?
Ethyca's study shows that only 12% of companies have reach an “adequate state of compliance” ahead of the new CCPA data privacy regulation becoming law on January 1, 2020.
Many claim that data protection laws are preventing the use of data to track the COVID-19 pandemic which seems to be based on a false understanding of the laws.
Facebook thinks CCPA does not apply to them as businesses can install their web tracking system Pixel for free and pay only to deliver targeted ads based on the information they harvest.









