Este Darin Cooper - OAIC - An examination of the new credit reporting privacy framework

Protecting information rights –- advancing information policy

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

Protecting information rights – advancing information policy

www.oaic.gov.au

Ques/ons?

www.oaic.gov.au