What is the role of the Office of the Australian Information Commissioner in financial regulation?

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What is the role of the Office of the Australian Information Commissioner in financial regulation?

The Office of the Australian Information Commissioner (OAIC) does not have a direct role in financial regulation. The OAIC is primarily responsible for overseeing and enforcing privacy and information access laws in Australia. Its main functions include handling privacy complaints, conducting investigations, promoting privacy awareness, and providing guidance on privacy and information management. While the OAIC may indirectly impact financial regulation by ensuring the protection of personal and sensitive information in the financial sector, its primary focus is on privacy and information management rather than financial regulation.