Privacy Amendment (Enhancing Privacy Protection) Act 2012 (197 of 2012)

Schedule 2   Credit reporting

Privacy Act 1988

10   Subsection 6(1)

Insert:

consumer credit liability information : if a credit provider provides consumer credit to an individual, the following information about the consumer credit is consumer credit liability information about the individual:

(a) the name of the provider;

(b) whether the provider is a licensee;

(c) the type of consumer credit;

(d) the day on which the consumer credit is entered into;

(e) the terms or conditions of the consumer credit:

(i) that relate to the repayment of the amount of credit; and

(ii) that are prescribed by the regulations;

(f) the maximum amount of credit available under the consumer credit;

(g) the day on which the consumer credit is terminated or otherwise ceases to be in force.