1
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(energetic music)2
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– For any business collecting3
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personal or sensitive information,4
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maintaining your customers’ privacy5
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is extremely important.6
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If your business is
collecting personal data,7
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you will need a privacy policy.8
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A privacy policy is a statement9
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that outlines how your business will deal10
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with personal information
that it collects.11
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A recent survey conducted by12
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the Australian Information Commissioner13
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found that eight out of 10 Australians14
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checked the security of a website15
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before providing their
personal information.16
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A privacy policy is a great way17
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to establish trust with your customers18
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by showing them that
their personal information19
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will be safe and secure on your website.20
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Many Australian websites
are legally required21
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to have a privacy policy in place,22
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and failure to comply with
the Privacy Act of 198823
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can result in severe penalties.24
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You are required to have a
privacy policy in place if:25
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One, you collect personal
information online26
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directly, or indirectly,
from your customers.27
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Two, if you are hosting, or using,28
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third party services like
Amazon, Google, or Facebook.29
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And three, if your business has an30
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annual turnover of three
million dollars or more.31
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Privacy policies vary across
businesses and industries,32
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but every privacy policy must outline:33
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Firstly, how the information is collected34
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and how the information will be stored.35
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Secondly, how the information is shared,36
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and specifically whether that information37
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is going to be sent offshore,
outside of Australia.38
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And three, why your customers’ information39
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is being collected, and how your business40
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is going to use it.41
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If your website needs a privacy policy,42
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or you are unsure about your
existing privacy policy,43
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you should contact a LawPath consultant.44
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With LawPath, you’ll have access45
00:01:56,290 –> 00:01:59,570
to a customizable,
ready-to-use privacy poilicy46
00:01:59,570 –> 00:02:01,250
in under five minutes.47
00:02:01,250 –> 00:02:05,363
Create your first document
for free at lawpath.com.au.