Misuse of information in credit reports

Written By For Good Digital

If a credit provider or credit-reporting body misuses the information in a credit report, they can be fined a significant amount (Privacy Act div 3, sub-div D; CR Code). Credit providers cannot use the information in credit reports to market products and services (CR Code). It is an offence for a credit-reporting body to use or disclose credit-reporting information that is ‘false or misleading in a material particular’ (Privacy Act s 20P).

Misuse of information in credit reports

Chapter: 5.9: Credit reporting

Contributor: Stephen Nowicki, Director of Legal Practice, Consumer Action Law Centre

Current as of: 1 September 2024

Law Handbook Page: 402

Next Section: Identity theft and credit reporting

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