Ai Group supports the need to provide the public with confidence that their privacy and their data is being handled safely and responsibly. We advocate for the principle of Data Stewardship, which reflects the obligations and responsibilities of business of all sizes and industries in managing data collected in the usual course of business or as part of the business model. It reflects both the governance requirements and responsible utilisation of data and covers technological and behavioural strategies. It also addresses the safe disposal of data at the end of its usefulness.
Consideration should be given to the impact of multiple forms of regulation in this area such as Consumer Data Right and industry specific regulations. Over-regulation has the potential to chill innovation and add costs to business.
There are two significant changes presented in the report that business must grapple with:
