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Section : Policy about the management of credit information etc.
Domain : Human Resource Management
Classification : Not Identified

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(3) A credit provider must have a clearly expressed and up-to-date policy about the management of credit information and credit eligibility information by the provider.
(4) Without limiting subsection (3), the policy of the credit provider must contain the following information:

(a) the kinds of credit information that the provider collects and holds, and how the provider collects and holds that information;
(b) the kinds of credit eligibility information that the provider holds and how the provider holds that information;
(c) the kinds of CP derived information that the provider usually derives from credit reporting information disclosed to the provider by a credit reporting body under Division 2 of this Part;
(d) the purposes for which the provider collects, holds, uses and discloses credit information and credit eligibility information;
(e) how an individual may access credit eligibility information about the individual that is held by the provider;
(f) how an individual may seek the correction of credit information or credit eligibility information about the individual that is held by the provider; Compilation date: 11/12/2024