Section 6P — Privacy Act 1988: Meaning of credit reporting business

(1) A credit reporting business is a business or undertaking that involves collecting, holding, using or disclosing personal information about individuals for the purpose of, or for purposes including the purpose of, providing an entity with information about the credit worthiness of an individual. (2) Subsection (1) applies whether or not the information about the credit worthiness of an individual is: (a) provided for profit or reward; or (b) provided, or intended to be provided, for the purposes of assessing an application for consumer credit. (3) In determining whether a business or undertaking carried on by a credit provider is a credit reporting business, disregard the provision of information about the credit worthiness of an individual to a related body corporate by the provider. (4) Despite subsection (1), a business or undertaking is not a credit reporting business if the business or undertaking is included in a class of businesses or undertakings prescribed by the regulations.