Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_5:p1
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 5 (pt 1/5)
Character Range: 2716–5967

5  Definitions
Note: A number of expressions used in this instrument are defined in Divisions 1 and 2 of Part II of the Act, including (but not limited to) the following:
(a) consumer credit liability information;
(b) CP derived information;
(c) CRB derived information;
(d) credit;
(e) credit eligibility information;
(f) credit information;
(g) credit provider
(h) credit reporting body;
(i)  credit reporting information
(j) default information;
(k) financial hardship arrangement;
(l) financial hardship information;
(m) information request;
(n) payment information;
(o) regulated information;
(p) repayment history information
(q) serious credit infringement.
  In this instrument:
Act means the Privacy Act 1988.
ban notification service means a free of charge service offered by a credit reporting body where the body will notify an individual of requests from a credit provider, mortgage insurer or trade insurer for credit reporting information relating to that individual when a ban period is in effect.
ban period has the meaning given in subsection 20K(3) of the Act.
capacity information means information as to whether the relevant individual is:
             1.                 solely liable for the credit;
             2.                 jointly liable for the credit;
             3.                 the guarantor in respect of the credit; or
correction period, in the context of a correct request, means a period of 30 days from the date on which the correction request is made.
correction request means a request by an individual to correct information about the individual under sections 20T or 21V of the Act.
credit ID information means any of the following numbers (for accounts other than credit card and debit card accounts) or the first six and last four digits of any of the following numbers (for credit card and debit cards accounts):
             1.                 the number allocated by the credit provider for the consumer credit provided to the relevant individual;
             2.                 any previous number allocated by the credit provider for the consumer credit provided to the relevant individual; and
             3.                 where a transfer event has occurred – the number allocated by the previous credit provider for that consumer credit.
credit-related personal information means each of the following (as applicable in the relevant context):
             1.                 credit information;
             2.                 credit reporting information;
             3.                 credit eligibility information; or
             4.                 regulated information.
day on which the consumer credit is entered into means
             1.                 in the case of credit provided with a telecommunications or utility service, for consumer credit liability information disclosed 6 months after commencement, the day that a service is first provided, where the credit provider has generated one or more active accounts within its systems; and
             2.                 in all other cases:
                 1.                  for consumer credit liability information disclosed up to and including 14 February 2021, the day that, under the terms and conditions of the