PRIVACY ACT 1988

PART IIIA - CREDIT REPORTING  

Division 3 - Credit providers  

Subdivision C - Dealing with credit information  

SECTION 21E   21E   PAYMENT INFORMATION MUST BE DISCLOSED TO A CREDIT REPORTING BODY  


If:


(a) a credit provider has disclosed default information about an individual to a credit reporting body under section 21D ; and


(b) after the default information was disclosed, the amount of the overdue payment to which the information relates is paid;

the provider must, within a reasonable period after the amount is paid, disclose payment information about the amount to the body under that section.

Civil penalty: 500 penalty units.




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