Changes to Australia’s Privacy Policy

After March 12, the new legislation allows providers to share your credit history.

What are the changes?
The new changes to the Australian Privacy Laws will allow information additional to default and failed lending applications to be included in the credit report for applicants.  This information will now include 24 months of repayment history for loans, credit cards and other credit.  This is deemed to be ‘positive’ reporting.
Before the legislation was passed, Australia was termed a ‘negative’ data reporting country.

What is the new data?
The changes allow credit providers to collect and disseminate repayment history information from other licensed credit providers.
This means that your repayment history for your telephone, mobile, internet, utilities, etc will not go on your record.

Credit Report
All the information collected forms part of your ‘credit report’.  Although this has always been available to you, it will now include the extra data.  Organisations such as Veda, Dunn & Bradstreet and Experian Australia provide credit reports and scores.
You are entitled to obtain one free credit report from each credit reporting agency per year.
The best reason to obtain a copy of your credit report is to ascertain if there are any outstanding issues against your report and then work out the best way to fix it.  This is crucial if you are having problems obtaining credit or finance approvals.
For more information on credit reporting, visit or contact your finance manager and request assistance.

Disclaimer: Information subject to change


  1. It’s in reality a nice and helpful piece
    of info. I am happy that you simply shared this helpful info with us.
    Please keep us up to date like this. Thanks for sharing.

Speak Your Mind