28TAOngoing supplies of mandatory credit information

28TA Ongoing supplies of mandatory credit information

(1) For the purposes of item 6 of the table in subsection 133CU(1) of the Act, an event of the kind specified in column 1 of an item in the following table, and information of the kind specified in column 2 for that kind of event, are prescribed.

<table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><thead><tr><td colspan="3" style="width:419.25pt; border-top:1.5pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Prescribed events and information</span></p></td></tr><tr><td style="width:34.9pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Item</span></p></td><td style="width:234.15pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 1</span></p></td><td style="width:128.6pt; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Column 2</span></p></td></tr><tr><td style="width:34.9pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span></span></p></td><td style="width:234.15pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Event</span></p></td><td style="width:128.6pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="TableHeading"><span>Information</span></p></td></tr></thead><tbody><tr><td style="width:34.9pt; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>1</span></p></td><td style="width:234.15pt; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>Repayment history information (within the meaning of the </span><span style="font-style:italic">Privacy Act 1988</span><span>) comes into existence for an eligible credit account at a particular time (the </span><span style="font-weight:bold; font-style:italic">event time</span><span>), provided that:</span></p><p class="Tablea"><span>(a) mandatory credit information for the account has previously been supplied by the licensee to the credit reporting body under Division</span><span> </span><span>2 of Part</span><span> </span><span>3</span><span>‑</span><span>2CA of the Act; and</span></p><p class="Tablea"><span>(b) if the event time is during the period:</span></p><p class="Tablei"><span>(i) starting on the day after that supply; and</span></p><p class="Tablei"><span>(ii) ending on 30</span><span> </span><span>June 2022;</span></p><p class="Tablea"><span style="width:14.2pt; text-indent:0pt; display:inline-block"></span><span>no arrangement of the kind covered by subregulation</span><span> </span><span>(2) is, or has been, in place in relation to the account during any part of that period that is before the event time; and</span></p><p class="Tablea"><span>(c) if:</span></p><p class="Tablei"><span>(i) the event time is after that period; and</span></p><p class="Tablei"><span>(ii) during any part of that period, one or more arrangements of the kind covered by subregulation</span><span> </span><span>(2) were in place in relation to the account;</span></p><p class="Tablea"><span style="width:14.2pt; text-indent:0pt; display:inline-block"></span><span>all of those arrangements have ceased to be in place before the event time</span></p></td><td style="width:128.6pt; border-top:1.5pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Tabletext"><span>The repayment history information</span></p></td></tr></tbody></table>