The way in which your personal information can be used for direct marketing will also change. For the first time, you will have the right to ask a private-sector organisation to tell you where they got your personal information. A private-sector organisation will also have to give you an easy way to opt-out of receiving direct marketing communications.
There are also changes to the credit reporting system. Five new kinds of credit-related personal information, including the repayment history on your home or car loan and your credit card, will be able to be collected by credit reporting bodies and passed onto lenders. It is also important to remember that you can request a copy of your credit report from a credit reporting body for free in most circumstances.
The new privacy laws will also give the Commissioner new powers to resolve privacy complaints and investigations, including the ability to impose a penalty of up to $1.7 million.
For more information about the changes to privacy laws visit our Privacy law reform page.