Australian privacy watchdog clears wealth-advice firm after past breaches
( May 14, 2026, 04:16 GMT | Official Statement) -- MLex Summary: Australian wealth-advice company Property Lovers did not use personal information on the platform fastproperty.ai, Australia's privacy watchdog said after a commissioner-initiated probe. The Office of the Australian Information Commissioner in 2024 found the platform had breached national privacy laws by collecting personal information of people from court lists and databases, but it could not find evidence of similar conduct from an investigation launched in April last year. However, the privacy watchdog said it forwarded information to another regulator after receiving concerns the company has been targeting vulnerable individuals by identifying "distressed" properties. Statement follows. Report attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.