Document ID: chunk:federal_register_of_legislation:C2015C00053:clause:2_21r
Version: federal_register_of_legislation:C2015C00053
Segment Type: clause
Provision Reference: sch 2 cl 21R
Character Range: 182802–183743

21R  False or misleading credit information or credit eligibility information

Offences
 (1) A credit provider commits an offence if:
 (a) the provider discloses credit information under section 21D; and
 (b) the information is false or misleading in a material particular.
Penalty: 200 penalty units.
 (2) A credit provider commits an offence if:
 (a) the provider uses or discloses credit eligibility information under this Division; and
 (b) the information is false or misleading in a material particular.
Penalty: 200 penalty units.

Civil penalties
 (3) A credit provider must not disclose credit information under section 21D if the information is false or misleading in a material particular.
Civil penalty: 2,000 penalty units.
 (4) A credit provider must not use or disclose credit eligibility information under this Division if the information is false or misleading in a material particular.
Civil penalty: 2,000 penalty units.