One argument I often hear against privacy reform is that it will stifle innovation or commerce. In Australia, proposed reform would almost certainly do that. Jane Lee and Georgia Wilkins report:
The Coalition has joined big banks and telcos in their fight against proposed laws that aim to prevent them from sharing personal information about customers with companies overseas.
Government amendments to the Privacy Act would restrict companies from sending valuable information about customers’ credit-worthiness offshore – unless the receiver was formed in, or controlled from, Australia.
This would affect companies that outsource information to international call centres, data-processing centres and data stored in the cloud.
Read more on The Age.