There have been significant changes in privacy and data protection laws.
From 25 May 2018, the General Data Protection Regulation (GDPR) regulates the processing of personal information under European Union (EU) law. The GDPR aims to protect the information relating to individuals in the EU and harmonise data protection laws across EU Member States.
Our collection, use, disclosure and processing of your personal information is regulated by the GDPR if:
Some of the key aspects of the GDPR include:
For further information on how we manage your personal information under the GDPR, please refer to the Westpac group’s EU Data Protection Policy.
The Federal Government has incorporated a Notifiable Data Breaches (NDB) scheme into the Australian Privacy Act. The scheme came into effect on 22 February 2018.
The NDB scheme requires organisations and agencies with obligations under the Privacy Act to notify the Office of the Australian Information Commissioner (OAIC) and impacted individuals about ‘eligible data breaches’. A data breach is eligible if it is likely to result in serious harm to any of the individuals to whom the information relates.
If we believe there has been an eligible data breach that impacts your personal information, we will notify you as soon as possible and keep in close contact with you about the nature of the breach, the steps we are taking and what you can do to reduce the impacts to your privacy.
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