Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_21s
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 21S
Character Range: 183743–184831

21S  Security of credit eligibility information
 (1) If a credit provider holds credit eligibility information, the provider must take such steps as are reasonable in the circumstances to protect the information:
 (a) from misuse, interference and loss; and
 (b) from unauthorised access, modification or disclosure.
 (2) If:
 (a) a credit provider holds credit eligibility information about an individual; and
 (b) the provider no longer needs the information for any purpose for which the information may be used or disclosed by the provider under this Division; and
 (c) the provider is not required by or under an Australian law, or a court/tribunal order, to retain the information;
the provider must take such steps as are reasonable in the circumstances to destroy the information or to ensure that the information is de‑identified.
Civil penalty: 1,000 penalty units.
 (3) If a credit provider is an APP entity, Australian Privacy Principle 11 does not apply to the provider in relation to credit eligibility information.

Subdivision F—Access to, and correction of, information