Australia
The new mandatory data breach notification laws came into effect in Australia on 22 February 2018 and affect all Australian businesses with an annual turnover over AU $3 million. Eligible data breaches must be reported, including those in your supply chain. Find out how the new Australian data privacy regulation will impact your business here. Or ask Parker, our data privacy chatbot, for more information!
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What are the consequences of non compliance?
Breaking your customers’ trust can have significant consequences to an organisation’s bottom line and any potential breach must be quickly identified and managed. Penalties for non compliance are up to AU$420,000 for an individual and AU$2.1 million for an organisation.
Australian privacy compliance packages
Managing privacy compliance is a step-by-step process. Norton Rose Fulbright privacy experts have put together affordable, fit-for-purpose packages to help protect your organisation. Find out more about our privacy compliance packages.
GDPR for Australian organisations
The European Union’s new General Data Protection Regulation (GDPR) is a comprehensive framework (effective from 25 May 2018) that will have implications on any organisation that holds data on EU citizens, regardless of whether the business operates in the EU. The new laws set out new and detailed privacy requirements including rules on data governance and accountability, obligations to undertake privacy impact assessments, and record keeping requirements for personal data processing. New data breach notification requirements include a 72-hour deadline.
What are the consequences of non compliance?
Severe fines could be imposed for companies in breach of the GDPR – up to 4 percent of annual worldwide turnover or €20 million, whichever is greater.