Document ID: chunk:federal_register_of_legislation:C2021A00005:clause:1_133cu
Version: federal_register_of_legislation:C2021A00005
Segment Type: clause
Provision Reference: sch 1 cl 133CU
Character Range: 16813–18832

133CU  Requirement to supply
 (1) If:
 (a) a licensee has supplied a credit reporting body (the CRB) with mandatory credit information under this Division; and
 (b) on a later day (the trigger day):
 (i) the conditions (if any) prescribed by the regulations are not met for the licensee and the CRB; and
 (ii) the licensee, or a member of a banking group of which the licensee is the head company, would reasonably be expected to have become aware that an event in an item of the following table has happened; and
 (iii) the licensee is still an eligible licensee; and
 (iv) an agreement of the kind referred to in paragraph 20Q(2)(a) of the Privacy Act 1988 is in force between the CRB and a body referred to in subparagraph (ii) of this paragraph;
the licensee must supply to the CRB the information referred to in that table item:
 (c) before the end of the latest of the following periods:
 (i) the 45‑day period starting on the trigger day;
 (ii) if subsection (2) applies—the 14‑day period starting on the cessation day referred to in that subsection;
 (iii) if, because paragraph 133CV(1)(b) is no longer satisfied, subsection 133CV(1) ceases to provide the licensee with an exception to this subsection for the CRB—the 14‑day period starting on the day that exception ceases to apply;
 (iv) if the trigger day happens because of table item 3 and is before the licensee supplies the CRB with mandatory credit information under subsection 133CR(3)—the 90‑day period starting on the trigger day; and
 (d) in accordance with the supply requirements; and
 (e) to the extent that the licensee is not prevented by the Privacy Act 1988 from doing so.

Ongoing supplies of mandatory credit information
Item                                              If this event happens:                                                                                                                                                                                                                   This information must be supplied: