Privacy Amendment (Enhancing Privacy Protection) Act 2012 (197 of 2012)

Schedule 2   Credit reporting

Privacy Act 1988

64   Subsection 6(1)

Insert:

trade insurance purpose of a trade insurer in relation to an individual is the purpose of assessing:

(a) whether to provide insurance to, or the risk of providing insurance to, a credit provider in relation to commercial credit provided by the provider to the individual or another person; or

(b) the risk of a person defaulting on commercial credit in relation to which the insurer has provided insurance to a credit provider.