$12,000 fines fight NZ online piracy

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New Zealand has passed a law banning file-sharing, in a bid to fight online privacy.

Under the new law, copyright owners can push for penalties of up $US12,000 and repeat offenders may be denied internet access for up to six months.

Commerce Minister Simon Power says online copyright infringement is damaging the creative industry and causing significant revenue falls.

Copyright owners will now be able to send evidence of infringements to internet service providers, who will then act against offenders.