Watch the latest news on Channel 7 or stream for free onThe legislation massively increases the current penalty for serious or repeated breaches from $2.22 million to whichever is the greater of $50 million, 30 per cent of the company’s turnover in the relevant period, or three times the value of any benefit gained from the stolen data.
The legislation will beef up the powers of the Australian Information Commissioner to resolve privacy breaches and bolster information sharing with the Australian Communications and Media Authority. The notifiable data breaches scheme will be boosted to ensure the commissioner has a complete picture of the information compromised, to be able to provide a risk assessment of harm for people.
A review of the privacy act will be completed by the end of this year, with recommendations to be handed down for further reforms.
It's all lies. It's all part of their disgusting 2030 agenda fuelled by the unelected BUROCRATS of the World Economic forum and disgusting power tripping dictators of the UN and corrupt politicians.