Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_5:p2
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 2/3)
Character Range: 27765–30671

disclosed information to the body that it is prohibited from disclosing;
 (c) ensure that it only discloses credit information that is accurate, up-to-date and complete;
 (d) if it identifies that credit information that it has disclosed to a credit reporting body is not accurate, up-to-date and complete:
 (i) advise the body of this as soon as is practicable; and
 (ii) take reasonable steps to address the disclosure;
 (e) if it becomes aware that credit reporting information disclosed to it by a credit reporting body is not accurate, up-to-date, complete and relevant having regard to the purpose of the disclosure, advise the body of that fact as soon as practicable;
 (f) where requested by a credit reporting body:
 (i) take reasonable steps to review its credit-related personal information management practices, procedures and systems to assess whether credit information it has disclosed to credit reporting bodies is accurate, up-to-date and complete;
 (ii) take reasonable steps to rectify any issues that are identified; and
 (iii) advise the body of the results of the review and the action taken to rectify issues.
 (g) take reasonable steps to assist a credit reporting body to ensure that its credit reporting information is accurate, up-to-date, complete and relevant, having regard to the purposes for which it is used or disclosed, and to rectify any issues that are detected.

Practices, procedures and systems of credit reporting bodies
 (8) A credit reporting body must have reasonable practices, procedures and systems that are designed to cover obligations under Part IIIA of the Act, the Regulations and this CR Code.
 (9) The practices, procedures and systems described in subsection (8) must require the credit reporting body to:
 (a) use the information disclosed by credit providers in relation to individuals' dates of birth to identify any information disclosed by a provider that:
 (i) relates to an act, omission, matter or thing that occurred or existed before the relevant individual turned 18; and
 (ii) that the provider is prohibited from disclosing.
 (b) identify, as soon as practicable, whether collected information includes information that the body is prohibited from collecting and, if so, to destroy the prohibited information;
 (c) where the body destroys information on the basis that its collection was prohibited, notify the relevant credit provider of the destruction as soon as practicable;
 (d) undertake regular testing of the credit information and credit reporting information that the body uses and discloses to ensure that it is accurate, up-to-date, complete and relevant, having regard 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