Section 6V — Privacy Act 1988: Meaning of repayment history information

(1) If a credit provider provides consumer credit to an individual, the following information about the consumer credit is repayment history information about the individual: (a) whether or not the individual has met an obligation to make a monthly payment that is due and payable in relation to the consumer credit; (b) the day on which the monthly payment is due and payable; (c) if the individual makes the monthly payment after the day on which the payment is due and payable—the day on which the individual makes that payment. (1A) If an obligation of the individual to make a monthly payment is, or is taken by subsection (1B) to be, affected by a financial hardship arrangement, then repayment history information is to be determined by reference to that obligation as so affected. Note: In this case, there may be financial hardship information: see subsections 6QA(4) and (5). (1B) If, under a financial hardship arrangement, an individual is not required to make a monthly payment for a month, then, for the purposes of subsections (1) and (1A) and section 6QA: (a) a monthly payment is taken to have been due and payable on the day on which it would have been due and payable apart from the arrangement; and (b) the individual is taken to have met the obligation to make the monthly payment; and (c) the obligation to make the monthly payment is taken to be affected by the arrangement. (2) The regulations may make provision in relation to: (a) whether or not an individual has met an obligation to make a monthly payment that is due and payable in relation to consumer credit; and (b) whether or not a payment is a monthly payment.