Section 21N — Privacy Act 1988: Permitted CP disclosures to other recipients

Mortgage credit assistance schemes (1) A disclosure by a credit provider of credit eligibility information about an individual is a permitted CP disclosure in relation to the individual if: (a) the disclosure is to a State or Territory authority; and (b) the functions or responsibilities of the authority include: (i) giving assistance (directly or indirectly) that facilitates the provision of mortgage credit to individuals; or (ii) the management or supervision of schemes or arrangements under which such assistance is given; and (c) the information is disclosed for the purpose of enabling the authority: (i) to determine the extent of the assistance (if any) to give in relation to the provision of mortgage credit to the individual; or (ii) to manage or supervise such a scheme or arrangement. Assignment of debts owed to credit providers etc. (2) A disclosure by a credit provider of credit eligibility information about an individual is a permitted CP disclosure in relation to the individual if: (a) the disclosure is to one or more of the following (the recipient): (i) an entity; (ii) a professional legal adviser of the entity; (iii) a professional financial adviser of the entity; and (b) the recipient has an Australian link; and (c) subsection (3) applies to the information. (3) This subsection applies to the credit eligibility information if the recipient proposes to use the information: (a) in the process of the entity considering whether to: (i) accept an assignment of a debt owed to the credit provider; or (ii) accept a debt owed to the provider as security for credit provided to the provider; or (iii) purchase an interest in the provider or a related body corporate of the provider; or (b) in connection with exercising rights arising from the acceptance of such an assignment or debt, or the purchase of such an interest.