Privacy is something every business now needs to take very seriously. Last newsletter we provided the vital information you needed to know about getting ready for the privacy change. Now that the law is in full force, you need to know what could happen if you don’t understand how the new policies work.
Not only could you receive considerable fines, it could significantly damage the reputation of your business – no one likes the idea of their information being passed around the internet.
It is just another standard piece of legislation that you need to comply with. However, what you as a business owner might not know is that you can actually use the new changes to your advantage your business.
First things first, the new Privacy act only legally applies to businesses with an annual turnover of $3M, or if you’re a health service, advertising or marketing service or a government contractor.
However, the Australian Information Commission now has more power to crack down on those not complying with the law, and they have recently announced they will be conducting “random sweeps of business websites and will issue fines to non-compliant websites.”
It’s clear that the Privacy Act is something to think about in your business, even if you aren’t legally required to comply with the new changes. The AIC is taking it very seriously, so save yourself the trouble and update your business.