Which of the Following Businesses Will Be Covered by the Privacy

question 32

Multiple Choice

Which of the following businesses will be covered by the Privacy Act 1988 (Cth) ?

• A) Any business with an annual turnover of $3 million.
• B) Any business which discloses personal information for a benefit or provides a benefit to someone else to collect personal information.
• C) Any health service provider.
• D) All of the above.

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Definitions:

Equivalent Variation

A measure in economics that represents the amount of money a consumer would need to reach their original utility after a price change.

Tax Imposed

A financial charge or levy mandated by a government on individuals or entities.

Extra Income

Additional money earned beyond the regular income, which can come from various sources such as a second job, investments, or side businesses.

Compensating Variation

A monetary measure of the amount of income required to return an individual to their original utility level after a price change.