Privacy Law and Data Protection
What is Privacy Law and data protection?
As a financial services professional, privacy is by no means a new concept to you or your company. Any loss or unauthorised disclosure of sensitive data, such as a cyber-attack or a flaw in data security procedures, can negatively impact any firm.
It can undermine success, threaten reputation and jeopardise the confidence of investors and customers. The consequences of breaches may be long-term and costly, as highlighted by recent high-profile cases.
It is therefore critical that you understand current legislation, including Notifiable Data Breach reporting requirements – obligations that extend beyond directors and executives to all levels within an organisation.
In today’s increasingly digital and data-driven environment, organisations must also manage emerging risks associated with artificial intelligence, automated decision-making and cross-border data flows.
About our Course
This latest edition of our Privacy Law and Data Protection course reflects significant regulatory and industry developments, including updates arising from the Privacy and Other Legislation Amendment Act 2024 and evolving expectations from regulators.
You will explore key obligations under the Privacy Act, including the requirement to take “reasonable steps” to protect personal information through both technical and organisational measures, as well as new and emerging requirements relating to:
- Transparency around automated decision-making and AI
- Strengthened enforcement powers and penalties
- Digital ID regulation and oversight
- Enhanced expectations for data governance and breach response
The course also examines how privacy risks arise in practice, drawing on recent real-world case studies across financial services and other sectors.
As we explore throughout the course, privacy breaches can result from cyber-attacks, system failures or human error. Accordingly, all employees should understand:
- Their organisation’s compliance obligations
- How personal information must be collected, used and disclosed
- Why security measures and controls are in place
- How to apply safeguards when handling personal information
Privacy Law and Data Protection is a core topic within our Financial Services CPD library.
Program Content
- Key background concepts
- What privacy and data protection laws are in place in Australia?
- Recent developments in privacy and data protection law
- Summary of privacy obligations
Learning Outcomes
- The background to Australia’s privacy and data protection regime
- What privacy and data protection laws apply to your organisation
- What constitutes “personal information”, including how to distinguish information “about” an individual
- How data breaches occur, how they must be reported under Australia’s notifiable data breaches regime, and some of the ways you can help prevent them
- The potential impacts of recent and proposed reforms to Australian privacy laws, including developments affecting AI, enforcement and cross-border obligations
What you will learn
Who is this course for?
- Compliance Managers
- Representatives
- Senior Managers
Units of Competency
Pre-requisite
Recognition of Prior Learning
Certification
You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.
CPD Accreditation
ASIC-supervised licensees: Regulation
FAS-supervised licensees: Regulatory compliance and consumer protection
