15Security of credit reporting information

15  Security of credit reporting information

 (1) This section is made for the purposes of section 20Q of the Act.

Note: Section 20Q of the Act requires credit reporting bodies to take reasonable steps to protect credit reporting information from misuse, interference and loss, unauthorised access, modification or disclosure. Bodies must also enter into agreements with credit providers requiring them to protect information in this way.

Information security obligations

 (2) A credit reporting body and a credit provider must maintain reasonable practices, procedures and systems to ensure the security of electronic transmission and storage of credit reporting information and credit eligibility information.