Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_21n
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 21N
Character Range: 175966–177893

21N  Permitted CP disclosures to other recipients

Mortgage credit assistance schemes
 (1) A disclosure by a credit provider of credit eligibility information about an individual is a permitted CP disclosure in relation to the individual if:
 (a) the disclosure is to a State or Territory authority; and
 (b) the functions or responsibilities of the authority include:
 (i) giving assistance (directly or indirectly) that facilitates the provision of mortgage credit to individuals; or
 (ii) the management or supervision of schemes or arrangements under which such assistance is given; and
 (c) the information is disclosed for the purpose of enabling the authority:
 (i) to determine the extent of the assistance (if any) to give in relation to the provision of mortgage credit to the individual; or
 (ii) to manage or supervise such a scheme or arrangement.

Assignment of debts owed to credit providers etc.
 (2) A disclosure by a credit provider of credit eligibility information about an individual is a permitted CP disclosure in relation to the individual if:
 (a) the disclosure is to one or more of the following (the recipient):
 (i) an entity;
 (ii) a professional legal adviser of the entity;
 (iii) a professional financial adviser of the entity; and
 (b) the recipient has an Australian link; and
 (c) subsection (3) applies to the information.
 (3) This subsection applies to the credit eligibility information if the recipient proposes to use the information:
 (a) in the process of the entity considering whether to:
 (i) accept an assignment of a debt owed to the credit provider; or
 (ii) accept a debt owed to the provider as security for credit provided to the provider; or
 (iii) purchase an interest in the provider or a related body corporate of the provider; or
 (b) in connection with exercising rights arising from the acceptance of such an assignment or debt, or the purchase of such an interest.