Commonwealth Consolidated Regulations

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NATIONAL CONSUMER CREDIT PROTECTION REGULATIONS 2010 - REG 28TD

Reports about initial bulk supplies of credit information--information to be given by credit reporting body

Information to be included in statement given after the first bulk supply

  (1)   For the purposes of paragraph   133CZC(2)(a) of the Act, the following kinds of information are prescribed in relation to a statement that is required to be given by a credit reporting body within 6 months after the 1   July referred to in subsection   133CR(1) of the Act:

  (a)   for each licensee required to supply mandatory credit information to the credit reporting body under that subsection--the number of accounts for which such information has been supplied by the licensee to the body under that subsection;

  (b)   the number of disclosures of the body's protected information made by or on behalf of the body to one or more credit providers during the 4 - month period (the 4 - month period ) starting on that 1   July;

  (c)   for the accounts covered by paragraph   (a):

  (i)   the number of those accounts for which a correction under section   20S of the Privacy Act 1988 has been made during the 4 - month period; and

  (ii)   the number of those accounts for which a request under section   20T of the Privacy Act 1988 has been made during the 4 - month period; and

  (iii)   the number of those accounts for which a correction has been made during the 4 - month period in response to a request covered by subparagraph   (ii); and

  (iv)   the number of those accounts for which a complaint under subsection   23A(1) of the Privacy Act 1988 has been made during the 4 - month period.

Information to be included in statement given after the second bulk supply

  (2)   For the purposes of paragraph   133CZC(2)(a) of the Act, the following kinds of information are prescribed in relation to a statement that is required to be given by a credit reporting body within 6 months after the 1   July referred to in subsection   133CR(3) of the Act:

  (a)   for each licensee required to supply mandatory credit information to the credit reporting body under that subsection--the number of accounts for which such information has been supplied by the licensee to the body under that subsection;

  (b)   the number of disclosures of the body's protected information made by or on behalf of the body to one or more credit providers during the 4 - month period (the 4 - month period ) starting on that 1   July;

  (c)   for the accounts covered by paragraph   (a):

  (i)   the number of those accounts for which a correction under section   20S of the Privacy Act 1988 has been made during the 4 - month period; and

  (ii)   the number of those accounts for which a request under section   20T of the Privacy Act 1988 has been made during the 4 - month period; and

  (iii)   the number of those accounts for which a correction has been made during the 4 - month period in response to a request covered by subparagraph   (ii); and

  (iv)   the number of those accounts for which a complaint under subsection   23A(1) of the Privacy Act 1988 has been made during the 4 - month period.

Meaning of protected information

  (3)   In this regulation:

"protected information" , of a credit reporting body, means:

  (a)   any information that the credit reporting body is supplied under Division   2 of Part   3 - 2CA of the Act; or

  (b)   any CRB derived information (within the meaning of the Privacy Act 1988 ) that is derived from the information referred to in paragraph   (a).



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