Data protection is a crucial function for organisations. Companies that protect data secure their operations, reputation, and clients’ details. They also avoid sanctions, such as the fine of up to AUD 2.1 million that the OAIC/Privacy Commissioner can recommend to the court.
Keeping up with data protection laws can be a challenge. There are many laws that stakeholders often change to suit developing concerns.
Do you know the data protection laws? How can you ensure compliance?
Organisations often ask Steadfast Solutions how they can comply with data protection requirements. Steadfast Solutions provides IT services in Melbourne, Brisbane, and throughout Australia. This article will help you discover essential data protection regulations and how we can help you comply with them.
The primary regulation guiding data protection in Australia is The Privacy Act 1988 (Privacy Act). Authorities introduced this law to protect and promote the privacy of individuals. It also regulates how most Australian Government Agencies and organisations that have a turnover of over AUD 3 million should handle personal information.
Are There Sector-Specific Laws Affecting Data Protection? Here are some industry’s regulations that affect data protection. You read these laws with the Privacy Act.
Organisations will also comply with the newly legislated Part IVD of the Competition and Consumer Act 2010 (Cth) that sets out the framework for Consumer Data Right (CDR). Sectors will implement this legislation at separate periods. Implementation started with the banking sector in July 2020, and energy and telecommunications industries will follow.
Institutions that ensure organisations comply with data protection laws include:
The Privacy Act/APPs covers all institutions (except those above) conducting business in Australia that comprises collecting personal information in Australia or promoting an offshore entity to Australian residents.
The Privacy Act/APPs cover all processing (collection, disclosure, and use) of personal data by APP entities. They do not cover the processing of anonymous or de-identified information.
APP entities should notify individuals before collecting their personal information. They should also inform the OAIC and individual relevant data breaches. The law recommends that institutions have a privacy officer to handle data protection.
Institutions dealing with TFNs should also comply with:
The principles for processing personal information include:
The OAIC/Privacy Commissioner can petition the courts to impose a fine of up to AUD 2.1 million to organisations and AUD 420,000 to individuals that breach the APPs.
The government has announced that new laws will come into effect next year. The changes will increase fines under the Privacy Act. Severe and repeated invasions of privacy will attract a penalty of up to AUD 10 million or three times the illegal benefit received — whichever is greater.
The Privacy Commissioner can also award compensation, impose enforceable undertakings, and publicise decisions or investigations on infringements.
Steadfast Solutions knows the data protection laws and regulations that affect various industries. We can help you develop compliant policies, streamline your processes, secure your networks, and train your employees to ensure compliance with data protection regulations.
Our experts will ensure you comply with statutes and provide the cybersecurity solutions you need for data protection, leaving you to concentrate on your core functions.
Steadfast Solutions provides IT services and support in Melbourne, Brisbane, Perth, and across Australia. We offer expert, customised, and reliable IT solutions, such as cloud computing, managed IT service, cybersecurity, etc.
Contact us today to discover more about how we can help you comply with data protection regulations.
Ready to speak with us? Contact us via phone on 1300 739 335 or email us at firstname.lastname@example.org to discover more on how we can help you have compliant data protection.