Commonwealth legislation

Credit Provider Determination No. 2011-3 (Indigenous Business Australia)

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

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What this does: This determination declares that Indigenous Business Australia (IBA) is a "credit provider" under the Privacy Act 1988.

Why it matters:

As a "credit provider," IBA must comply with the credit reporting rules in the Privacy Act (Part IIIA). These rules strictly regulate how lenders handle personal information about loans, credit history, and repayments.
This subjects IBA—an agency that supports Indigenous entrepreneurs with business finance—to the same privacy obligations as banks and commercial lenders when dealing with borrowers' credit information.

Context: The Privacy Commissioner made this declaration under a specific power (section 11B) that allows the Commissioner to classify certain government agencies as credit providers. The determination was time-limited, meaning IBA was bound by these enhanced credit privacy rules only during the specified effective period.

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Current sections

Direct links to the current provisions in Credit Provider Determination No. 2011-3 (Indigenous Business Australia).