If your business or organisation has a turnover greater than 3 million per year the significant changes that were made to the Australian Privacy Act on 12 March 2014 are likely to apply to your organisation. A compliance program should be implemented to ensure any personal information that is used or disclosed by the organisation is appropriately protected.
The reforms implemented 13 new Australian Privacy Principals, with substantial changes being made to the principles surrounding direct marketing and cross border disclosure of information. Additional changes to the Act implement changes to the credit reporting regime that will be particularly relevant to insurers if they undertake online credit reference checks on insureds or other individuals.