Commonwealth Consolidated Acts

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PRIVACY ACT 1988 - SECT 26N

What is a CR code

             (1)  A CR code is a written code of practice about credit reporting.

             (2)  A CR code must:

                     (a)  set out how one or more of the provisions of Part IIIA are to be applied or complied with; and

                     (b)  make provision for, or in relation to, matters required or permitted by Part IIIA to be provided for by the registered CR code; and

                     (c)  bind all credit reporting bodies; and

                     (d)  specify the credit providers that are bound by the code, or a way of determining which credit providers are bound; and

                     (e)  specify any other entities subject to Part IIIA that are bound by the code, or a way of determining which of those entities are bound.

             (3)  A CR code may do one or more of the following:

                     (a)  impose additional requirements to those imposed by Part IIIA, so long as the additional requirements are not contrary to, or inconsistent with, that Part;

                     (b)  deal with the internal handling of complaints;

                     (c)  provide for the reporting to the Commissioner about complaints;

                     (d)  deal with any other relevant matters.

             (4)  A CR code may be expressed to apply differently in relation to:

                     (a)  classes of entities that are subject to Part IIIA; and

                     (b)  specified classes of credit information, credit reporting information or credit eligibility information; and

                     (c)  specified classes of activities of entities that are subject to Part IIIA.

             (5)  A CR code is not a legislative instrument.



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