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Our last episode in Talking law was part 1 of a 2-part series with rugby league great, Michael Maguire, talking about the topic of leadership. However, we are interrupting the 2nd part of this 2-part series with this special episode on some very important new legislation. Unless you’ve been living under a rock, I’m sure you’ve received tons of emails with privacy policy and terms of use updates, all relating to the General Data Protection Regulation or GDPR.
The GDPR is an EU based legislation which can impact organisations here in Australia. So in order to talk about this topic, we have brought on board Mary Anne Waldren from the Master Advisor Program and our very own Elizabeth Lee from Aspect Legal, and together we’ll discuss the GDPR and its impact on businesses here in Australia.
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Episode Highlights:
* Who this applies to in Australia
* No one seems to know what to do
* Responding to the need for education
* GDPR and the Australian Privacy Laws
* The right to be forgotten
* Systems element to GDPR compliance
* What businesses need to understand
* A free webinar about what’s involved
* Quick recap
Who this applies to in Australia
Joanna: Well Mary Anne and Liz thank you so much for joining us today on Talking Law. Liz, how about we start off with you. From a legal perspective, why don't you give us a little bit of a rundown of what the GDPR means for businesses here in Australia because I think there's a lot of concern that I've seen in the marketplace about who this applies to in Australia, what businesses it applies to and what it actually all means.
Liz: Yeah. So the General Data Protection Regulation was put in place. It came into effect on the 25th of May 2018. But of course, it's been in the works for a good couple of years in the EU.
I think that for many Australian businesses, it sort of come around pretty quickly and hit them quite suddenly. We have this influx of concern. It's been bubbling along.
This affects businesses that collect, store, handle, and transfer personal information particularly where it relates to an EU citizen or a person located in the EU. I think that, for the most part, Australian businesses haven't seen themselves as being in that position. But I think increasingly, they have come to realize they actually could be exposed.
No one seems to know what to do
Joanna: Yeah absolutely. This all reminds me a bit of the Privacy Act commencement here in Australia actually I must say. In fact, not just that, but any of the legislation that we've had come in over the last couple of years, the Personal Property Securities Act legislation, anything that is I guess a major change. We see businesses not really taking any action until the eve of the commencement of the legislation and then suddenly everyone's all in an uproar about it trying to work out what it actually means for them.