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Digital Privacy: GDPR and Its Lessons for Australia

Author

Listed:
  • Ratul Das Chaudhury

    (Postdoctoral Research Fellow, Centre for Global Business, Monash Business School)

  • Chongwoo Choe

    (Director, Centre for Global Business, and Professor, Department of Economics, Monash Business School)

Abstract

Australia’s Privacy Act 1988 is under review with a view to bringing Australia’s privacy laws into the digital era, more in line with the European Union’s General Data Protection Regulation (GDPR). This article discusses how the GDPR can be refined and standardized to be more effective in protecting privacy in the digital era while not adversely affecting the digital economy that relies heavily on data. We argue that an ideal data policy should be informative and transparent about the potential privacy costs while giving consumers a menu of opt-in choices into which they can self-select themselves.

Suggested Citation

  • Ratul Das Chaudhury & Chongwoo Choe, 2022. "Digital Privacy: GDPR and Its Lessons for Australia," Monash Economics Working Papers 2022-19, Monash University, Department of Economics.
    • Handle: RePEc:mos:moswps:2022-19
    as

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    References listed on IDEAS

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    Cited by:

    1. Chongwoo Choe & Noriaki Matsushima & Shiva Shekhar, 2023. "The Bright Side of the GDPR: Welfare-improving Privacy Management," Monash Economics Working Papers 2023-14, Monash University, Department of Economics.

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    More about this item

    Keywords

    digital privacy; GDPR; opt-in;
    All these keywords.

    JEL classification:

    • K24 - Law and Economics - - Regulation and Business Law - - - Cyber Law

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