National Consumer Credit Protection Act 2009
View history note
Hide history noteA licensee who is required under subsection 133CR(1) or (3) to supply mandatory credit information must arrange: (a) for the preparation of a written statement containing information of the kinds prescribed by the regulations relating to:
(i) the mandatory credit information; or
(b) for a person appointed under section 133CZD to audit that statement and prepare a written report of the audit; and (c) for that statement and audit report to be given to the Minister within 6 months after the 1 July referred to in that subsection.
(ii) the eligible credit accounts to which the mandatory credit information relates; and
Civil penalty: 5,000 penalty units.
133CZC(2)
A credit reporting body to whom mandatory credit information is required under subsection 133CR(1) or (3) to be supplied must arrange: (a) for the preparation of a written statement containing information of the kinds prescribed by the regulations relating to:
(i) the mandatory credit information; or
(b) for a person appointed under section 133CZD to audit that statement and prepare a written report of the audit; and (c) for that statement and audit report to be given to the Minister within 6 months after the 1 July referred to in that subsection.
(ii) the eligible credit accounts to which the mandatory credit information relates; and
Civil penalty: 5,000 penalty units.
133CZC(3)
For the purposes of subsection (1) or (2), disregard section 133CS when working out whether a person is required under subsection 133CR(1) or (3) to supply mandatory credit information to another person.
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