No, that's not the way it works. The act makes a distinction between information that a reasonable person would consider to be sensitive and information a reasonable person would consider to be innocuous, and there are different levels of consent. Again, this is a huge part of the information-based economy, and so the act recognizes that for information, perhaps in the case of a subscription to a general interest magazine, you can use an opt-out consent. We require that if you're going to use an opt-out consent, it be easy to see, easy to understand, and easy to execute, and not buried in paragraph 83 of a 200-paragraph privacy notice. The next level of information is what a reasonable person would consider to be sensitive. There's the obvious: health information and financial information. Even certain magazine subscriptions or video rentals might be sensitive, so then you have to go to the higher level of consent, and obtain express consent from the individual.
On December 4th, 2006. See this statement in context.