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Second Reading Speeches

National Consumer Credit Protection Amendment (Mandatory Comprehensive Credit Reporting) Bill 2018

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
45

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Summary

Amends the:

National Consumer Credit Protection Act 2009
to: establish a mandatory comprehensive credit reporting regime to apply from 1 July 2018; and expand the Australian Securities and Investments Commission’s powers so it can monitor compliance with the regime; and
Privacy Act 1988
to impose additional requirements as to where and how data held by a credit reporting body must be stored.