Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_5:p3
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 3/3)
Character Range: 30415–31836

to the purpose for which it is used or disclosed;
 (e) take reasonable steps to initiate, as soon as practicable, targeted testing of its credit reporting information, where the body is informed, or identifies, that credit reporting information in relation to an individual is not accurate, up-to-date, complete and relevant, having regard to the purpose for which it is used or disclosed;
 (f) where the body identifies that credit reporting information in relation to an individual is not accurate, up-to-date, complete and relevant, having regard to the purpose for which the information is used or disclosed, rectify the situation, including by destroying any information in accordance with its obligations;
 (g) where the body identifies credit information that is not accurate, up-to-date and complete, raise this, where reasonable, with the credit provider that disclosed the information and request that provider:
 (i) take reasonable steps to review its credit information management practices, procedures and systems;
 (ii) rectify any issues that are identified; and
 (iii) advise the body of the results of the review; and
 (h) report about its testing, undertaken in accordance with paragraph (d), and any material findings or material changes to procedures, to credit providers with which it has an agreement of the kind referred to in subsections 20N(3) or 20Q(2) of the Act.

Division 4—Credit information