Privacy Act 1988
PART IIIA
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CREDIT REPORTING
Division 2
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Credit reporting bodies
Subdivision G
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Dealing with credit reporting information after the retention period ends etc.
SECTION 20W
20W
RETENTION PERIOD FOR CREDIT INFORMATION
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GENERAL
The following table sets out the retention period for credit information: (a) that is information of a kind referred to in an item of the table; and (b) that is held by a credit reporting body.
View history note
Hide history noteThe following table sets out the retention period for credit information: (a) that is information of a kind referred to in an item of the table; and (b) that is held by a credit reporting body.
| Retention period | ||
| Item | If the credit information is ... | the retention period for the information is ... |
| 1 | consumer credit liability information | the period of 2 years that starts on the day on which the consumer credit to which the information relates is terminated or otherwise ceases to be in force. |
| 2 | repayment history information | the period of 2 years that starts on the day on which the monthly payment to which the information relates is due and payable. |
| 2A | financial hardship information | the period of 1 year that starts on the day on which the monthly payment to which the information relates is due and payable. |
| 3 | information of a kind referred to in paragraph 6N(d) or (e) | the period of 5 years that starts on the day on which the information request to which the information relates is made. |
| 4 | default information | the period of 5 years that starts on the day on which the credit reporting body collects the information. |
| 5 | payment information | the period of 5 years that starts on the day on which the credit reporting body collects the default information to which the payment information relates. |
| 6 | new arrangement information within the meaning of subsection 6S(1) | the period of 2 years that starts on the day on which the credit reporting body collects the default information referred to in that subsection. |
| 7 | new arrangement information within the meaning of subsection 6S(2) | the period of 2 years that starts on the day on which the credit reporting body collects the information about the opinion referred to in that subsection. |
| 8 | court proceedings information | the period of 5 years that starts on the day on which the judgement to which the information relates is made or given. |
| 9 | information of a kind referred to in paragraph 6N(l) | the period of 7 years that starts on the day on which the credit reporting body collects the information. |
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