Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_8:p2
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 8 (pt 2/2)
Character Range: 39655–41913

are taken into account, it only discloses whichever of the following is applicable:
 (i) that the consumer credit was not overdue for that month or, if the payment obligation for that month is being determined by reference to a temporary FHA, the individual has met their obligations under the temporary FHA for that month; or
 (ii) that there was an amount overdue in relation to the consumer credit for that month or, if the payment obligation for that month is being determined by reference to a temporary FHA, the individual has not met their obligations under the temporary FHA for that month; and
 (c) the disclosure is expressed in the manner set out in subsection (4) and (5).

Repayment history information – no temporary FHA
 (4) If the payment obligation for that month is not being determined by reference to a temporary FHA, the disclosure of repayment history information is to be expressed as a code representing the following (as determined by reference to the terms of the consumer credit):
 (a) where the consumer credit is not overdue – "Current up to and including the grace period"; or
 (b) where there is an amount overdue in relation to the consumer credit, the age of the oldest outstanding payment, expressed as a code as follows:
 (i) "1" – 15-29 days overdue
 (ii) "2" – 30-59 days overdue
 (iii) "3" – 60-89 days overdue
 (iv) "4" – 90-119 days overdue
 (v) "5" – 120-149 days overdue
 (vi) "6" – 150-179 days overdue
 (vii) "X" – 180 or more days overdue.

Repayment history information – temporary FHA
 (5) If the payment obligation for that month is being determined by reference to a temporary FHA, the disclosure of repayment history information is to be expressed in the following manner:
 (a) where the individual has met their obligations under the temporary FHA – the same code set out in paragraph 8(4)(a) (meaning, in this case, "Current"); or
 (b) where the individual has not met their obligations under the temporary FHA – the same code set out in subparagraph 8(4)(b)(i) ("1", meaning, in this case, the payment is one or more days overdue).
Note: While subsection 8(5) requires the use of the some of the same codes as in subsection 8(4), the meaning of those codes when used under subsection 8(5) is not the same.