Privacy (Credit Reporting) Code 2024 (Cth)

Privacy (Credit Reporting) Code 2024

I, Carly Kind, Privacy Commissioner, make the following legislative instrument.

Dated 30 September 2024

[Signed] Carly Kind Privacy Commissioner

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 This CR Code 5 Definitions 6 Schedules Schedule 1—Repeals Privacy (Credit Reporting) Code 2014 (Version 2.3) Schedule 2—The CR Code Division 1—Preliminary 1 Application of this CR Code 1A Obligations to destroy information Division 2—Credit reporting agreements and arrangements 2 Credit reporting system arrangements 3 Open and transparent management of credit reporting information Division 3—Collection of information 4 Credit providers' information collection procedures 5 Practices, procedures and systems Division 4—Credit information 6 Consumer credit liability information 7 Information requests 8 Repayment history information 8A Financial hardship information 9 Default information 10 Payment information 11 Publicly available information 12 Serious credit infringements Division 5—Dealing with credit information 13 Transfer of rights of credit provider 14 Permitted CRB disclosures 15 Security of credit reporting information 16 Use and disclosure of credit-related personal information by CPs and affected information recipients 17 Protections for victims of fraud 18 Credit reporting body use of credit reporting information to facilitate a credit provider's direct marketing Division 6—Access to, and correction of, credit information 19 Access 20 Correction of information Division 7—Miscellaneous 21 Complaints 22 Record keeping 23 Credit reporting system integrity 24 Information Commissioner's role

Part 1—Preliminary

1 Name This instrument is the Privacy (Credit Reporting) Code 2024.

2 Commencement 1. This instrument commences on the day it is registered on the Federal Register of Legislation, with the exception of the provisions set out below: 1. Section 5, day on which the consumer credit is entered into (a) 2. Section 5, day on which the consumer credit is terminated or otherwise ceases to be in force (a) 3. Section 5, maximum amount of credit available under the consumer credit (e) and 4. Schedule 2, paragraph 17(2).