Au: Significantly larger privacy breach fines pass Parliament
Denham Sadler reports:
Companies now face a fine of $50 million for “serious or repeated” privacy breaches while the privacy watchdog will have stronger powers after legislation passed Parliament on Monday.
The Privacy Legislation Amendment (Enforcement and Other Measures) Bill 2022 passed both houses of Parliament with bipartisan support on Monday with a minor amendment, and will become law after receiving Royal Assent.
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