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Australia's top banks 'generally complying' with privacy safeguard of data-portability rules, regulator says

( November 22, 2021, 23:26 GMT | Official Statement) -- MLex Summary: Australia & New Zealand Banking Group, Commonwealth Bank, National Australia Bank and Westpac are "generally complying" with a key privacy safeguard under the country's data-portability program, the national privacy regulator has found. In its first ever Consumer Data Right privacy assessment, the Office of the Australian Information Commissioner said it examined how the banks are complying with Privacy Safeguard 1, which requires providers to have a policy describing how they manage consumer data, and to implement internal practices, procedures and systems to ensure compliance.The full statement from the Office of the Australian Information Commissioner follows:...

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