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Big penalties for small business with new reporting laws

February 6, 2018

Big penalties for small business with new reporting laws

From 22 February 2018, all businesses with a turnover greater than $3 million which have a significant data breach are required to inform all concerned parties, and to inform the Office of the Australian Information Commissioner. If there is unauthorised access, disclosure or loss of personal information that could be seriously compromising to the person or people it relates to, you must report it.