Site Changes

On 1 November 2010 the Office of the Privacy Commissioner was integrated into the Office of the Australian Information Commissioner and a new website established at www.oaic.gov.au.

Note 1: Major changes to the Privacy Act 1988 will come into effect in March 2014. Agencies, businesses and not for profits need to start preparing for these changes. For more information go to our privacy law reform page at www.oaic.gov.au
Note 2: From 12 March 2013 content is no longer being added to, or amended, on this site, consequently some information may be out of date. For new privacy content visit the www.oaic.gov.au website.

How much information can be collected for AML/CTF purposes?

When collecting personal information about individuals, reporting entities should limit their collection to what is necessary based on the transaction and their AML/CTF obligations. For example, in many cases the collection of personal information may be limited to minimum Know Your Customer information. Additional information should not be collected in anticipation of a future use or need.