Document ID: chunk:federal_register_of_legislation:C2024C00826:section:6
Version: federal_register_of_legislation:C2024C00826
Segment Type: section
Provision Reference: s 6
Character Range: 339875–341959

6                                                 an event:                                                                                                                                                                                                                                information that:
                                                  (a) of a kind prescribed by the regulations; and                                                                                                                                                                                         (a) is, or relates to, mandatory credit information; and
                                                  (b) that relates to eligible credit accounts or to the natural persons who hold those accounts                                                                                                                                           (b) is of a kind prescribed by the regulations for that kind of event

Civil penalty: 5,000 penalty units.
 (2) For the purposes of subparagraph (1)(c)(ii), this subsection applies if:
 (a) the licensee reasonably believes that the CRB is not complying with section 20Q of the Privacy Act 1988 on the trigger day; and
 (b) the licensee complies with paragraphs 133CV(2)(a) and (b) in relation to that belief; and
 (c) the licensee ceases to hold that belief on a day (the cessation day) before the end of the 45‑day period starting on the trigger day.
 (3) Supplies under subsection (1) of information relating to multiple events, or multiple trigger days, may be made together.
 (4) Subsection (1) applies whether the information referred to in the table is kept in or outside this jurisdiction.
 (5) Regulations made for the purposes of subparagraph (1)(b)(i) may make provision in relation to a matter by applying, adopting or incorporating, with or without modification, any matter contained in any other instrument or writing as in force or existing from time to time.
 (6) Subsection (5) has effect despite subsection 14(2) of the Legislation Act 2003.