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

Schedule 2   Credit reporting

Privacy Act 1988

62   Subsection 6(1)

Insert:

securitisation related purpose of a credit provider in relation to an individual is the purpose of:

(a) assessing the risk in purchasing, by means of a securitisation arrangement, credit that has been provided to, or applied for by:

(i) the individual; or

(ii) a person for whom the individual is, or is proposing to be, a guarantor; or

(b) assessing the risk in undertaking credit enhancement in relation to credit:

(i) that is, or is proposed to be, purchased or funded by means of a securitisation arrangement; and

(ii) that has been provided to, or applied for by, the individual or a person for whom the individual is, or is proposing to be, a guarantor.