Document ID: chunk:federal_register_of_legislation:C2004A04745:body:0:p13
Version: federal_register_of_legislation:C2004A04745
Segment Type: other
Provision Reference: 
Character Range: 31448–34231

been informed about current credit provider status

  27.(1) This section applies if:

    (a) the State Bank of South Australia or a designated subsidiary of the State Bank of South Australia was a credit provider in relation to credit provided to an individual; and

    (b) as a result of the operation of a transfer provision, the individual's account was transferred to Bank of South Australia Limited on a particular day (the "transfer day"); and

    (c) a credit reporting agency had previously been informed that the State Bank of South Australia or the designated subsidiary, as the case may be, was a current credit provider in relation to the individual.

(2) This Division and subsection 18F(5) of the Privacy Act 1988 have effect, on and after the transfer day, as if the credit reporting agency had previously been informed that Bank of South Australia Limited was a current credit provider in relation to the individual.

Credit provider ceasing to be current credit provider

28. An obligation is not imposed on the State Bank of South Australia, or a designated subsidiary of the State Bank of South Australia, under subsection 18F(5) of the Privacy Act 1988 merely because of the operation of a transfer provision.

Subdivision B—Re-transfers to the State Bank of South Australia or to a designated subsidiary of the State Bank of South Australia

Credit reporting agencies that have been given information about overdue payments

  29.(1) This section applies if:

    (a) Bank of South Australia Limited was a credit provider in relation to credit provided to an individual; and

    (b) as a result of the operation of a re-transfer provision, the individual's account was transferred to the State Bank of South Australia or to a designated subsidiary of the State Bank of South Australia on a particular day (the "re-transfer day"); and

    (c) a credit reporting agency had been given information that the individual is overdue in making a payment in respect of the credit provided by Bank of South Australia Limited.

(2) Subsection 18F(3) of the Privacy Act 1988 has effect, on and after the re-transfer day, as if the credit reporting agency had been given information that the individual was overdue in making a payment in respect of credit provided by the State Bank of South Australia or the designated subsidiary, as the case requires.

Credit reporting agencies that have previously been informed about current credit provider status

  30.(1) This section applies if:

     (a) Bank of South Australia Limited was a credit provider in relation to credit provided to an individual; and

    (b) as a result of the operation of a re-transfer provision, the individual's account was transferred to the State Bank of South Australia or to a designated