Document ID: chunk:federal_register_of_legislation:F2024L01251:clause:2_23:p4
Version: federal_register_of_legislation:F2024L01251
Segment Type: clause
Provision Reference: sch 2 cl 23 (pt 4/6)
Character Range: 133082–135964

program, including:
 (a) how the body identifies and evaluates indicators of risk of non-compliance by credit providers with the obligations referred to in subsection (2); and
 (b) what types of risk indicators and information are used to assess the risk posed by providers of significant non-compliance with those obligations; and
 (c) a description of:
 (i) the role which the audit program plays in managing the risks mentioned above; and
 (ii) the basis on which the body determined the number, type and manner of audits that was conducted during the relevant financial year (with reference to the other material in the report); and
 (d) de-identified information about the number of audits conducted, and significant findings and measures taken in response by either the body or the relevant provider.

Obligations on credit reporting bodies to publish annual report on specified matters
 (15) A credit reporting body must publish on its website, by 31 August each year, a report for the financial year ending on 30 June of the same year that includes information about the following:
 (a) individuals given access to their credit information without charge, including a percentage calculated using the formula:

  where:

AI(WC) is the number individuals given access to their credit reporting information (without charge) by the body during the reporting period.

IND is the number of individuals about whom the body holds credit information at the end of the reporting period.
 (b) individuals given access to their credit information through a fee-based service, including a percentage calculated using the formula:

  where:

AI(C) is the number of individuals given access to their credit reporting information by the body during the reporting period where the individual used a fee-based service.

IND is the number of individuals about whom the body holds credit information at the end of the reporting period.
 (c) correction requests received by the body, including a percentage calculated using the formula:

  where:

CR is the number of correction requests received by the body during the reporting period.

IND is the number of individuals about whom the body holds credit information at the end of the reporting period.
 (d) successful correction requests, being requests received by the body where the body is satisfied that a correction should be made, including a percentage calculated using the formula:

  where:

CR is the number of correction requests received by the body during the reporting period.

CR(S) the number of correction requests received by the body during the reporting period where the body was satisfied that a correction should be made.

 (e) the mean number of days taken to finalise a correction calculated using the formula:

  where:

D(CR) is the total number of calendar days taken from receipt to finalisation for all