National Consumer Credit Protection Act 2009
View history note
Hide history noteMandatory credit information , for eligible credit accounts held by natural persons with a credit provider, is personal information (other than sensitive information) for those accounts that is: (a) identification information (within the meaning of the Privacy Act 1988 ) about the natural persons; or (b) consumer credit liability information (within the meaning of the Privacy Act 1988 ) about the natural persons; or (c) repayment history information (within the meaning of the Privacy Act 1988 ) about the natural persons; or (d) financial hardship information about the natural persons; or (e) default information (within the meaning of the Privacy Act 1988 ) about the natural persons; or (f) payment information (within the meaning of the Privacy Act 1988 ) about the natural persons; or (g) new arrangement information (within the meaning of the Privacy Act 1988 ) about the natural persons.
133CP(2)
Despite paragraph (1)(c) , mandatory credit information does not include repayment history information (within the meaning of the Privacy Act 1988 ) that comes into existence more than 3 months before the first 1 July on which: (a) if the credit provider is a member of a banking group - the head company of the group is an eligible licensee; or (b) otherwise - the credit provider is an eligible licensee.
133CP(3)
Despite paragraph (1)(d) , mandatory credit information does not include financial hardship information that comes into existence: (a) before 1 July 2022; or (b) more than 3 months before the first 1 July on which:
(i) if the credit provider is a member of a banking group - the head company of the group is an eligible licensee; or
(ii) otherwise - the credit provider is an eligible licensee.
Note:
Paragraph (b) is included to deal with the case where the first 1 July is in 2023 or a later year.
133CP(4)
Despite paragraph (1)(e), mandatory credit information does not include default information (within the meaning of the Privacy Act 1988 ) that comes into existence before the first 1 July on which: (a) if the credit provider is a member of a banking group - the head company of the group is an eligible licensee; or (b) otherwise - the credit provider is an eligible licensee.
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