Commonwealth Consolidated Acts

PRIVACY ACT 1988 - SECT 26N

  (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.