News

New fines associated with 2014 Privacy Laws

New Australian Privacy Law now in effect. 13 new privacy principles apply to all Australian organisations with associated potential fines of up to $1.7M.

It is essential to have a strategy in place to protect or take steps to destroy or de-identify personal information that is no longer required, subject to other record keeping requirements.

On Wednesday March 12, 2014 the Office of the Australian Information Commissioner (OAIC) began enforcing the Privacy Amendment Act 2012 which includes a set of new privacy principles that will regulate the handling of personal information. They are called the Australian Privacy Principles (APPs) and now apply to all Australian organisations with revenue greater than $3 million.

The key principle relates to the security of personal information and stipulates that organisations must ‘take steps to destroy or de-identify personal information that is no longer required, subject to other record keeping requirements.’
For more information , refer to the following document released by the OAIC: ‘De-identification of Data and Information‘.

The maximum penalty for ‘serious and repeated interferences with privacy’ is now:

$ 1,700,000 for Public & Private Organisations
$ 340,000 for Individuals