Document Chunk
This text chunk contains following information extracted through processing and enrichment.
Section : Assignment of debts owed to credit providers etc.
Domain : Human Resource Management
Classification : Not Identified
Text Content
- (2) A disclosure by a credit provider of credit eligibility information about an individual is a permitted CP disclosure in relation to the individual if:
- (a) the disclosure is to one or more of the following (the recipient ):
- (i) an entity;
- (ii) a professional legal adviser of the entity;
- (iii) a professional financial adviser of the entity; and
- (b) the recipient has an Australian link; and
- (c) subsection (3) applies to the information.
- (3) This subsection applies to the credit eligibility information if the recipient proposes to use the information:
- (a) in the process of the entity considering whether to:
- (i) accept an assignment of a debt owed to the credit provider; or
- (ii) accept a debt owed to the provider as security for credit provided to the provider; or
- (iii) purchase an interest in the provider or a related body corporate of the provider; or
- (b) in connection with exercising rights arising from the acceptance of such an assignment or debt, or the purchase of such an interest.