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Section : (2) If:
Domain : Human Resource Management
Classification : Not Identified

Text Content

(a) a credit provider is of the opinion that an individual has committed a serious credit infringement in relation to consumer credit (the original consumer credit ) provided by the provider to the individual; and
(b) the provider has disclosed the opinion to a credit reporting body; and
(c) because of the provider having that opinion: Compilation date: 11/12/2024
(i) the terms or conditions of the original consumer credit that relate to the repayment of the amount of credit are varied; or
(ii) the individual is provided with other consumer credit (the new consumer credit ) by a credit provider that relates, wholly or in part, to that amount of credit; then new arrangement information about the individual is a statement that those terms or conditions of the original consumer credit have been varied, or that the individual has been provided with the new consumer credit.