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Section : 6V Meaning of repayment history information
Domain : Human Resource Management
Classification : Not Identified

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(1) If a credit provider provides consumer credit to an individual, the following information about the consumer credit is repayment history information about the individual:

(a) whether or not the individual has met an obligation to make a monthly payment that is due and payable in relation to the consumer credit;
(b) the day on which the monthly payment is due and payable;
(c) if the individual makes the monthly payment after the day on which the payment is due and payable-the day on which the individual makes that payment.
(1A) If an obligation of the individual to make a monthly payment is, or is taken by subsection (1B) to be, affected by a financial hardship arrangement, then repayment history information is to be determined by reference to that obligation as so affected. Note: In this case, there may be financial hardship information: see subsections 6QA(4) and (5). Compilation date: 11/12/2024