Privacy Amendment (Enhancing Privacy Protection) Act 2012 (197 of 2012)
Schedule 2 Credit reporting
Privacy Act 1988
64 Subsection 6(1)
Insert:
trade insurance purpose of a trade insurer in relation to an individual is the purpose of assessing:
(a) whether to provide insurance to, or the risk of providing insurance to, a credit provider in relation to commercial credit provided by the provider to the individual or another person; or
(b) the risk of a person defaulting on commercial credit in relation to which the insurer has provided insurance to a credit provider.
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