Part 1Preliminary

Part 1 — Preliminary

1 Name of Rule

This Rule is the Privacy (Credit Related Research) Rule 2024.

2 Commencement

This Rule commences on the day it is registered on the Federal Register of Legislation.

3 Purpose

This Rule applies for the purposes of section 20M of the Privacy Act which prohibits a credit reporting body from using or disclosing de-identified credit reporting information (s 20M(1)). Sections 20M(2)–(3) provide that this prohibition does not apply if the use or disclosure is for the purpose of conducting research in relation to credit and the credit reporting body complies with rules made by the Commissioner by legislative instrument.

4 Definitions
(1) Unless this Rule states otherwise, any word or expression used in this Rule which is defined in the Privacy Act, has the same meaning as in that Act.
(2) In this Rule:

Aggregated results means the results of de-identified credit reporting information research analysis which does not include the individual elements of the de-identified credit reporting information and cannot readily be disaggregated to extract or re-identify that de-identified credit reporting information

De-identified information means credit reporting information that is no longer about an identifiable individual or an individual who is reasonably identifiable

Privacy Act means the Privacy Act 1988

Rule means the Privacy (Credit Related Research) Rule 2024

Note: The following expressions are defined in Section 6(1) of the Privacy Act: Australian law; Australian link; Commissioner; court/tribunal order; credit; credit reporting body; credit reporting information; entity; personal information

5 Schedules
Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.