National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Act 2021 (5 of 2021)

Schedule 1   Main amendments

Privacy Act 1988

11   At the end of section 20Q

Add:

(3) Without limiting subsection (1), if a credit reporting body holds credit reporting information, the body must store the information:

(a) either:

(i) in Australia or an external Territory; or

(ii) in accordance with any security requirements prescribed by the regulations for storing the information outside of Australia and the external Territories; and

(b) in accordance with any security requirements prescribed by the regulations.

Note: Requirements prescribed for paragraph (b) apply wherever the information is stored.