Critically analyse this statement having regard to the personal data protections conferred by the European Union’s General Data Protection Regulation.‘Australia’s information privacy laws are no longer fit for the purpose of protecting individuals’ personal information from risk and exploitation.’

‘Australia’s information privacy laws are no longer fit for the purpose of protecting individuals’ personal information from risk and exploitation.’

Critically analyse this statement having regard to the personal data protections conferred by the European Union’s General Data Protection Regulation.