The Federal Government’s “light touch” approach to the regulation of information privacy issues for the private sector as enshrined in the Privacy Act provides for a degree of self regulation for industries or organisations that adopt an approved code of practice consistent with obligations under the law.
The take up rate on the offer suggests it hasn’t been an attractive option. Four codes have now been approved since 2001, and one, for the insurance industry was withdrawn after insurance companies showed no interest.
The Privacy Commissioner this week approved the latest code for the biometrics industry – its been working on this since 2003.
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