Small Business Minister Julie Collins. (AAP Image/Mick Tsikas)
The federal government will work with small businesses as they encounter significant data safety obligations for the first time, Minister for Small Business Julie Collins has reaffirmed, using a Cyber Security Awareness Month statement to remind SMEs of major changes in the digital arena.
Small businesses with annual turnover below $3 million are currently exempt from the Privacy Act, and the tough compliance measures imposed on bigger businesses which collect, handle, and store consumer data.
However, Attorney-General Mark Dreyfus last month confirmed that exemption will end, given the considerable volumes of data now held by small businesses and the potentially devastating consequences of a data breach.
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