SENATE

Revised Explanatory Memorandum

(Circulated by authority of the Attorney-General, the Honourable Daryl Williams AM QC MP)

Financial impact statement

The proposed amendments are expected to have no significant new financial impact on government. The Privacy Commissioner has been funded to administer the provisions that relate to the private sector. Private sector contractors that are providing services to the Commonwealth Government under contract, will be responsible for their own acts and practices that do not comply with the Bill. Any administrative costs for contractors of complying with privacy obligations may be taken into account when negotiating the contract price, so there will be no significant overall reduction in the Government's costs of complying with privacy obligations as a result of contracting out.