Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_16:p3
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 16 (pt 3/3)
Character Range: 79791–80778

income and other resources to meet repayments of credit;
 (ii) the extent of the applicant's indebtedness and other commitments;
 (iii) the security of the applicant's employment; and
 (iv) the applicant's credit history including previous bankruptcy, defaults, serious credit infringements, high number of credit applications and unsatisfactory repayment history; and
 (f) refers to the credit provider's processes for:
 (i) accessing and correcting credit eligibility information; and
 (ii) making complaints.
Note: Section 21P of the Act permits requires credit providers who refuse applications for consumer credit wholly or partially on the basis of credit eligibility information to provide the relevant individual(s) with a written notice.
 (7) The written notice referred to in subsection (6) and section 21P of the Act must be given to the individual either at the time the credit provider notifies the individual of the refusal decision or within 10 business days of that date.