este darin cooper - oaic - an examination of the new credit reporting privacy framework
TRANSCRIPT
An examina)on of the new credit repor)ng privacy framework
Director, Regula/on and Strategy Este Darin-‐Cooper
1. More comprehensive credit repor/ng
2. Role of the OAIC • Past • Future
3. OAIC approach to regula/on
4. Recent trends in privacy complaints
• 2014–15 Budget decision to disband OAIC
• From 1 January 2015 the Privacy Act 1988 administered by the Privacy Commissioner
• Business as usual
• More comprehensive credit repor/ng
• New Part IIIA
• Registered CR code
• Enhanced consumer protec/ons
• A new three /ered complaints handling system
• 13 new Australian Privacy Principles (APPs) • Enhanced regulatory powers
- Conduct assessments of all en//es - Accept an enforceable undertaking - Make a determina/on on a Commissioner ini/ated
inves/ga/on - Civil penalty orders for serious or repeated breaches
• Registered CR code
• Consumer credit repor/ng fact sheets
• Credit repor/ng webinar
• Recognised EDR schemes
• Other guidance – APP guidelines, Guide to PIAs, APP Privacy Policy tool
• Working with recognised EDR schemes
• Privacy regulatory ac/on policy and guide
• Assessments
• Upda/ng and producing guidance
• Acknowledging the impact of regula/on on business
• OAIC approach – Privacy regulatory ac/on policy
• exercising discre/on
• working collabora/vely with regulated en//es
• enforcement ac/on propor/onal to conduct
• /mely ac/on
• Visit our website – www.oaic.gov.au • Series of 15 credit repor/ng fact sheets • Credit repor/ng business resource – ‘What has changed in credit’
• APP guidelines, Guide to PIAs, APP privacy policy tool • Privacy regulatory ac/on policy to be published soon • Credit repor/ng webinar (and future webinars) • Sign up for OAICnet newsleZer