The Main Purpose of Australia's Privacy Act (Cwth

question 61

True/False

The main purpose of Australia's Privacy Act (Cwth.1988) is to make provision to protect the privacy of individuals with respect to how their personal information is collected,used and disclosed by an organisation.

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Definitions:

Nationalize

The transfer of private sector assets into public ownership by the government.

Foreign Firms

Companies that are based in one country but conduct business operations in other countries.

Payment

The transfer of money or goods from one party to another as compensation or in exchange for goods or services.

New York Convention

An international treaty designed to facilitate the recognition and enforcement of foreign arbitral awards.