GDPR: Change to European privacy laws and its impact on Australian businesses

  The European’s Union General Data Protection Regulation (GDPR) imposes significant change to privacy laws in Europe and will apply and be enforced from 25 May 2018.   Organisations that fail to comply with the GDPR face heavy fines up to €20 million or up to 4% of global annual turnover, whichever is higher.  The GPDR will have a global impact because it applies to businesses operating in the EU as well as businesses outside the EU that offer goods or services or monitor the behaviour of individuals in the EU.  Businesses that are subject to the GDPR should assess their current information and privacy processes and governance structures, and take the necessary steps to ensure GDPR compliance. After four years of debate, the GDPR was approved by EU Parliament on 14 April 2016 and comes into force on 25 May 2018.   The GDPR replaces the Data Protection Directive 95/46/EC and […]