The calling of the election means that the Privacy (Data Security Breach Notification) Amendment Bill 2007 has lapsed.
But the issue of who is liable for protecting the personal information of customers and whether customers should be notified in the event of a security breach (previously discussed here and here) will not go away.
Last week in California (which already has a data breach disclosure law) Governor Schwarzenegger vetoed a Bill which would have forced retailers who experience a data breach or loss to
reimburse California banks for the costs of debit and credit card
replacement and consumer notification.