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Privacy now Universal |
If your business earns $3 million or less, you may now need to comply with the Privacy Act 1988 (Cth) |
The new provisions of the Privacy Act 1988 no longer just apply to large business and health service providers. |
As of 21 December 2002, some small businesses with an annual turnover of $3 million or less will need to comply with the Privacy Act 1998. |
If your business has an annual turnover of $3 million or less and either:
- trades in personal information;
- is related to a business that earns over $3 million annually; or
- is a contractor that provides services under a Commonwealth contract;
your small business may need to comply with the Privacy Act 1988 from 21 December 2002. |
The Privacy Act 1988 defines “annual turnover of a business for a financial year” as the total of the following that is earned in the year in the course of the business:
(a) the proceeds of sales of goods and/or services;
(c) repair and service income;
(d) rent, leasing and hiring income;
(e) government bounties and subsidies;
(f) interest, royalties and dividends;
(g) other operating income. |
If you believe your business falls within the above criteria AND your business collects personal information (that is, information about an individual whose identity is apparent, or can reasonably be ascertained, from the information), contact Clark McNamara Lawyers for further advice regarding whether or not you do need to comply and if so, the steps your business will need to take. |
With the proper advice, compliance is straight forward, inexpensive and will result in better client relationships. |
