Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_8a:p6
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 8A (pt 6/6)
Character Range: 54745–56052

to consumer credit and, on or after 1 July 2022 the individual and the provider agree to:
 (a) an extension of that temporary relief or deferral – the credit provider may treat that further period as not being a financial hardship arrangement;
 (b) a variation FHA that directly follows and relates to that earlier arrangement – the credit provider is not required to disclose financial hardship information in relation to that variation FHA even if the provider discloses repayment history information in the month that the arrangement is made.

Restrictions on requesting financial hardship information
 (16) A credit provider or mortgage insurer must take reasonable steps to ensure that it does not seek the disclosure of financial hardship information from a credit reporting body in circumstances in that the body is not permitted to disclose that information to the provider or insurer.
Note: Subsection 20E(4A) of the Act prohibits credit reporting bodies from disclosing financial hardship information to a credit provider for the purpose of collecting payments that are overdue in relation to consumer credit or commercial credit and for certain other purposes. Credit reporting bodies are also prohibited from disclosing financial hardship information to a mortgage insurer in some circumstances.