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

Schedule 1   Main amendments

National Consumer Credit Protection Act 2009

3   Subsection 5(1)

Insert:

credit reporting body has the same meaning as in the Privacy Act 1988.

declaration of contravention means a declaration made under section 166.

eligible credit account : see section 133CO.

eligible credit reporting body : see subsection 133CN(2).

eligible licensee : see subsection 133CN(1).

evidential burden , in relation to a matter, means the burden of adducing or pointing to evidence that suggests a reasonable possibility that the matter exists or does not exist.

head company , of a banking group, means the member of the group covered by paragraph 133CN(1)(a) (about large ADIs).

large ADI has the same meaning as in the Banking Act 1959.

mandatory credit information : see section 133CP.

Part 3-2CA body : see section 133CZF.

personal information has the same meaning as in the Privacy Act 1988.

sensitive information has the same meaning as in the Privacy Act 1988.

supply requirements : see section 133CQ.