The Privacy Commissioner is consulting on further edits to the Credit Reporting Privacy Code, which deals with credit history checks. The proposed amendments would:
- permit credit reporters to disclose credit information to credit providers for the purpose of identity verification under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009;
- continue the obligation on credit providers to notify existing customers if they intend to share credit account information with credit reporters for a further four years;
- reflect the changes to the "public health or safety" exceptions to information privacy principles 10 and 11 being made by the Privacy (Information Sharing) Bill; and
- correct an error in the summary of rights.
Significant amendments were made to the Code from 1 April 2012, including allowing the collection and sharing of "positive" credit history.
Submissions on the proposed amendments are due by 31 October. More information can be found here.