Commonwealth Consolidated Acts

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PRIVACY ACT 1988 - SECT 21P

Notification of a refusal of an application for consumer credit

             (1)  This section applies if:

                     (a)  a credit provider refuses an application for consumer credit made in Australia:

                              (i)  by an individual; or

                             (ii)  jointly by an individual and one or more other persons (the other applicants ); and

                     (b)  the refusal is based wholly or partly on credit eligibility information about one or more of the following:

                              (i)  the individual;

                             (ii)  a person who is proposing to act as a guarantor in relation to the consumer credit;

                            (iii)  if the application is an application of a kind referred to in subparagraph (a)(ii)--one of the other applicants; and

                     (c)  a credit reporting body disclosed the relevant credit reporting information to the provider for the purposes of assessing the application.

             (2)  The credit provider must, within a reasonable period after refusing the application, give the individual a written notice that:

                     (a)  states that the application has been refused; and

                     (b)  states that the refusal is based wholly or partly on credit eligibility information about one or more of the persons referred to in paragraph (1)(b); and

                     (c)  if that information is about the individual--sets out:

                              (i)  the name and contact details of the credit reporting body that disclosed the relevant credit reporting information to the provider; and

                             (ii)  any other matter specified in the registered CR code.



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