Credit Provider Determination No. 2011-1 (Assignees)

Link to law: https://www.comlaw.gov.au/Details/F2011L01647

Credit Provider Determination No. 2011-1 (Assignees)
Privacy Act 1988 (Cth)
 
Under s 11B(1)(b)(v)(B) of the Privacy Act 1988, I, Timothy Pilgrim, Privacy Commissioner, determine that:
1.        A corporation, which acquires the rights of a credit provider with respect to the repayment of a loan (whether by assignment, subrogation or other means) shall, in relation to that loan, be regarded as the credit provider for the purposes of the Privacy Act.
2.        A corporation deemed to be a credit provider by virtue of paragraph 1, above, shall, for the purposes of the Privacy Act, be regarded as the credit provider to whom the loan application was submitted, or who provided the loan.
3.        This Determination relates to those corporations which are not already credit providers by virtue of paragraphs (a) or (b)(iii) to (iv) of s 11B(1) of the Privacy Act.
4.        This Determination is effective from 1 September 2011 to 31 August 2014 (inclusive).
 
 
 
 
Timothy Pilgrim
Privacy Commissioner
8August 2011
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