A Business Can Only Use or Disclose Sensitive Information About

question 15

Multiple Choice

A business can only use or disclose sensitive information about an individual for the purposes of direct marketing under the Privacy Act 1988 (Cth) if:

• A)the individual has 'opted out' and therefore doesn't mind the information being disclosed or used.
• B)the individual has consented to the use or disclosure of the information for that purpose.
• C)it does not tell the individual.
• D)the individual cannot be told the information is being used because the information is of a sensitive nature.

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Definitions:

Tax Liability

The total amount of tax that an individual, corporation, or other entity is legally obligated to pay to a taxing authority.

Single Person

An individual who is not married or in a romantic relationship that is formally recognized, especially with reference to legal or social status.

Full-Time Student

A status for individuals enrolled in a higher educational institution with a full course load, impacting tax credits and dependency status for taxes.

Personal Exemption

A deduction allowed by the IRS for the taxpayer, the spouse, and eligible dependents, significantly reduced and effectively eliminated with the Tax Cuts and Jobs Act for tax years 2018 through 2025.