Last week, NSW’s Small Business Commissioner Yasmin King pointed out that many entrepreneurs have no idea about many of the regulations that bind them, placing them in unknowing danger of being fined.
One piece of legislation worth keeping in mind is the Privacy Act, which is set to be revamped by the Federal Government.
If you store a lot of information on your customers, or direct market to them, these changes will directly impact your business.
Today, we outline exactly how the Act is changing, as well as provide some handy tips on how to stay on the right side of the law.
Meanwhile, if you’re currently kicking yourself over an error you recently made, our list of five leading entrepreneurs’ stuff-ups – and the lessons the mistakes provide start-ups – should help provide some perspective.