PRIVACY ACT 1988 - SECT 21E Payment information must be disclosed to a credit reporting body

PRIVACY ACT 1988 - SECT 21E

    If:

  (a)   a credit provider has disclosed default information about an individual to a credit reporting body under section   21D; and

  (b)   after the default information was disclosed, the amount of the overdue payment to which the information relates is paid;

the provider must, within a reasonable period after the amount is paid, disclose payment information about the amount to the body under that section.

Civil penalty:   500 penalty units.