I don't understand why my comment got down voted. But yes, as one of you have pointed out, it's just my opinion. And I don't think the original draft of this law as much to do with giving your data to the govt, but more about Google/Fb being more transparent with the conditions under which, our data will be used by them. I'm not a legal expert and I may have misunderstood some of it. It's my opinion that big monopolies like Google, Facebook and Amazon should be regulated in some ways and be held accountable. I honestly don't have an answer to the question "What if govt loses your data"!

https://www.accc.gov.au/focus-areas/digital-platforms/draft-...