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International money transfers public interest determination applications

The Office of the Australian Information Commissioner (OAIC) has received two applications for public interest determinations (PIDs) under section 73 of the Privacy Act 1988 (Privacy Act), one from the Australia and New Zealand Banking Group Limited (ANZ) and one from the Reserve Bank of Australia (RBA).

The applications seek to permit ANZ, other authorised-deposit taking institutions (ADIs), and the RBA to disclose the personal information of a beneficiary of an international money transfer (IMT) to an overseas financial institution when processing an IMT without breaching the Australian Privacy Principles.

The Privacy Commissioner has made temporary PIDs in relation to those application (available on the OAIC’s Public interest determinations register). These temporary PIDs allow the ANZ, other ADIs, and the RBA to continue their existing practices in relation to processing IMTs without breaching the Privacy Act for a period of 12 months.

The OAIC has issued a consultation paper to assist interested parties in preparing comments as part of the OAIC’s further consideration of the applications and the possible making of longer term PIDs. Owing to the similar nature of the applications, the OAIC considers that consultation on both applications can be undertaken using the same process

The closing date for comments on any issues raised by the applications and the making of longer term PIDs is 4 August 2014.

> Read the consultation paper