What will the new EU Privacy Laws mean for your business?
As of 25 May 2018, the European Union General Data Protection Regulation (GDPR) will implement a new extra-territorial data protection regime, which will impact Australian entities that handle personal data of EU residents. Thankfully some of the provisions of the GDPR mirror those of the Australian Privacy Act 1988, which Australian entities are hopefully already familiar with. However, there are numerous substantive differences and unique requirements that go beyond the Australian position. It is therefore important for organisations with operations in the EU to determine whether or not the GDPR applies to them and to ensure their personal data handling practices are brought into compliance before next year’s deadline. Does my business need to comply with the new EU regulations? You will need to comply with the GDPR requirements if…