The Principles of the Privacy Act 1988 Do Not Explicitly

question 35

Multiple Choice

The principles of the Privacy Act 1988 do not explicitly cover:

• A)Collection of information.
• B)Storage of information
• C)Usage of information
• D)Disposal of information

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Definitions:

Indemnification

The process by which one party agrees to compensate another for any loss or damage that has occurred or may occur.

Fraud

A wrongful statement, action, or concealment pertinent to the subject matter of a contract knowingly made to damage the other party.

Record of Transactions

A detailed log or document that keeps track of all the transactions made within a certain period.

Market Value

The estimated amount for which a property or asset would exchange on the date of valuation between a willing buyer and a willing seller.