PRIVACY ACT 1988

PART IIIA - CREDIT REPORTING  

Division 2 - Credit reporting bodies  

Subdivision G - Dealing with credit reporting information after the retention period ends etc.  

SECTION 20V   DESTRUCTION ETC. OF CREDIT REPORTING INFORMATION AFTER THE RETENTION PERIOD ENDS  

20V(1)  
This section applies if:


(a) a credit reporting body holds credit information about an individual; and


(b) the retention period for the information ends.

Note:

There is no retention period for identification information or credit information of a kind referred to in paragraph 6N(k) .

Destruction etc. of credit information

20V(2)  
The credit reporting body must destroy the credit information, or ensure that the information is de-identified, within 1 month after the retention period for the information ends.

Civil penalty: 1,000 penalty units.

20V(3)  
Despite subsection (2), the credit reporting body must neither destroy the credit information nor ensure that the information is de-identified, if immediately before the retention period ends:


(a) there is a pending correction request in relation to the information; or


(b) there is a pending dispute in relation to the information.

Civil penalty: 500 penalty units.

20V(4)  
Subsection (2) does not apply if the credit reporting body is required by or under an Australian law, or a court/tribunal order, to retain the credit information. Destruction etc. of CRB derived information

20V(5)  
The credit reporting body must destroy any CRB derived information about the individual that was derived from the credit information, or ensure that the CRB derived information is de-identified:


(a) if:


(i) the CRB derived information was derived from 2 or more kinds of credit information; and

(ii) the body is required to do a thing referred to in subsection (2) to one of those kinds of credit information;
at the same time that the body does that thing to that credit information; or


(b) otherwise - at the same time that the body is required to do a thing referred to in subsection (2) to the credit information from which the CRB derived information was derived.

Civil penalty: 1,000 penalty units.

20V(6)  
Despite subsection (5), the credit reporting body must neither destroy the CRB derived information nor ensure that the information is de-identified, if immediately before the retention period ends:


(a) there is a pending correction request in relation to the information; or


(b) there is a pending dispute in relation to the information.

Civil penalty: 500 penalty units.

20V(7)  
Subsection (5) does not apply if the credit reporting body is required by or under an Australian law, or a court/tribunal order, to retain the CRB derived information.




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