Privacy Act 1988

PART IIIA - CREDIT REPORTING  

Division 3 - Credit providers  

Subdivision E - Integrity of credit information and credit eligibility information  

SECTION 21R   FALSE OR MISLEADING CREDIT INFORMATION OR CREDIT ELIGIBILITY INFORMATION  

Offences

21R(1)    
A credit provider commits an offence if:

(a) the provider discloses credit information under section 21D ; and

(b) the information is false or misleading in a material particular.

Penalty: 200 penalty units.

21R(2)    
A credit provider commits an offence if:

(a) the provider uses or discloses credit eligibility information under this Division; and

(b) the information is false or misleading in a material particular.

Penalty: 200 penalty units.

Civil penalties

21R(3)    
A credit provider must not disclose credit information under section 21D if the information is false or misleading in a material particular.

Civil penalty: 2,000 penalty units.

21R(4)    
A credit provider must not use or disclose credit eligibility information under this Division if the information is false or misleading in a material particular.

Civil penalty: 2,000 penalty units.