Is " Freedom of the Press " a phrase that lets large Mass Media Corporations do whatever they wish?

..where else might they hack into? Our bank account? Our Medicare records?

The Law Reform Commission's solution? What it called 'a statutory cause of action for serious invasions of privacy' - in other words, the right to sue. But, said its weighty report back in 2008, plaintiffs would have to show that they had
a reasonable expectation of privacy"

— For Your Information: Australian Privacy Law and Practice (ALRC Report 108), August, 2008