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The Australian reports that a group of banks, credit providers and online service providers have submitted a joint statement expressing concern that the tabled Privacy Amendment Bill will have adverse effects on the digital economy. The proposed bill introduces a set of privacy principles for the public and private sectors. In the joint statement to the Interactive Advertising Bureau Australia, the Internet companies said, “We recognise the need for organisations to be accountable for the information they share across borders, but the proposed law places digital economy organisations in jeopardy.” (Registration may be required to access this story.)
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