In this article in the Australian Financial Review "Kirby urges net privacy law overhaul", High Court judge Michael Kirby and federal privacy commissioner Karen Curtis have called for an overhaul of laws governing the internet and information technology, warning that the present regulatory framework has been overtaken by the rise of internet powerhouses like Google, Facebook and eBay.
The Australian Law Reform Commission is examining Australia's privacy laws - long out of date and designed before the arrival of these social networking sites.
As everyone has been warned, what goes up on the net is hard to retrieve. Some bright young things, happy to disclose all to their 'friends' may live to regret what a Google search might show when they seek a position in the work force in 10 or 15 years time.
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