Misuse of information in credit reports

If a credit provider or credit-reporting body misuses the information in a credit report, they can be fined a significant amount (div 3, sub-div D PA 1988; s 16 CR Code). Credit providers cannot use the information in credit reports to market products and services (s 16.1 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” (s 20P PA 1988).