The alarming statistics were raised by Jennifer Brooks, consultant at Real Estate Dynamics.
“After the legislation passed last Wednesday, I did a sample survey of a number of offices around the country. The results were quite worrying,” she told Real Estate Business.
“Some had actually failed to completely remove all mention of who they took it from. In one instance the policy referred to Victorian state law while the office was in a different state altogether,” Ms Brooks said.
According to Australian Privacy Commissioner Timothy Pilgrim, these are the most significant changes to privacy laws in over 25 years.
“The world has changed remarkably since the late 1980s when the Privacy Act was first introduced, and so the changes were required to bring our laws up to date with contemporary information handling practices, including global data flows,” Mr Pilgrim said.
Ms Brooks said while there has already been plenty of noise about the changes, some agents are still under the impression that the reforms don’t apply to them.
“I think a lot of principals are not taking this as seriously as they should. If there is any breach or litigation called against the agency and these non-compliant privacy policies come to light, it can lead to penalties and fines,” she said.
Instead of doing it alone Ms Brooks suggested approaching a legal adviser, a franchise network support channel or state-based real estate institutes.
For information on the changes and how they apply to you, click here or visit OAIC.gov.au.