Document ID: chunk:federal_register_of_legislation:C2025C00055:section:26n
Version: federal_register_of_legislation:C2025C00055
Segment Type: section
Provision Reference: s 26N
Character Range: 301273–302733

26N  What is a CR code
 (1) A CR code is a written code of practice about credit reporting.
 (2) A CR code must:
 (a) set out how one or more of the provisions of Part IIIA are to be applied or complied with; and
 (b) make provision for, or in relation to, matters required or permitted by Part IIIA to be provided for by the registered CR code; and
 (c) bind all credit reporting bodies; and
 (d) specify the credit providers that are bound by the code, or a way of determining which credit providers are bound; and
 (e) specify any other entities subject to Part IIIA that are bound by the code, or a way of determining which of those entities are bound.
 (3) A CR code may do one or more of the following:
 (a) impose additional requirements to those imposed by Part IIIA, so long as the additional requirements are not contrary to, or inconsistent with, that Part;
 (b) deal with the internal handling of complaints;
 (c) provide for the reporting to the Commissioner about complaints;
 (d) deal with any other relevant matters.
 (4) A CR code may be expressed to apply differently in relation to:
 (a) classes of entities that are subject to Part IIIA; and
 (b) specified classes of credit information, credit reporting information or credit eligibility information; and
 (c) specified classes of activities of entities that are subject to Part IIIA.
 (5) A CR code is not a legislative instrument.

Subdivision B—Development and registration of CR code