Credit report regulation

In Australia, credit reporting is regulated by:

part IIIA Privacy Act 1988 (Cth) (“PA 1988”);

the Privacy Regulation 2013 (Cth) (“Privacy Regulation”);

the Privacy (Credit Reporting) Code 2014 (Version 1.2) (“Privacy Code”), which is a legally binding code; a breach of the Privacy Code is treated as a breach of the PA 1988.

On 12 March 2014, Australia began the transition to a comprehensive credit-reporting regime with the commencement of the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth). This regime aims to capture consumers’ entire credit repayment history on their credit files rather than only negative information (e.g. when they default).

For more information about these reforms, visit