Protecting Information Rights – Advancing Information Policy

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Types

Topic(s): Credit and finance
 

Media Announcement: Renewal of credit provider determination


31 October 2006

The Privacy Commissioner, Karen Curtis, has today announced the renewal of the credit provider determination concerning Indigenous Business Australia (the IBA Determination). There is no change in the terms of the determination and it will be effective for five years.

''I believe the IBA Determination is appropriate as it allows Indigenous Business Australia to maintain its current operations and service levels and to continue to access the credit reporting system in the interests of its clients.''

The Office sought input on the review of the IBA Determination from industry, consumer representatives and relevant government agencies.

"The consultation on the operation of the IBA Determination and the experience of my Office demonstrate that the IBA Determination has operated effectively and provided unanimous support for the renewal of the IBA Determination.''

Background

 Determination No. 2006 - 5 (Indigenous Business Australia) - Privacy Act 1988

The purpose of Determination No. 2006-5 (Indigenous Business Australia) - Privacy Act 1988 is to determine that Indigenous Business Australia is an Australian government agency that carries on the business or undertaking that involves the making of loans and, as such, is a credit provider for the purposes of the Privacy Act.

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