1. A new era for credit reporting: Recent amendments to the Credit Reporting Privacy Code Daimhin Warner Senior Investigating Officer Office of the Privacy Commissioner Privacy Awareness Week 2012, Privacy Forum, 2 May 2012

2. CRPC… what is it? Issued 2004 Modifies privacy principles Imposes controls on credit reporters Defines credit information Limits disclosure

3. CRPC review – an open and consultative process Reference group Consultation with key stakeholders Submissions on proposed amendments

4. The system from 1 April “More comprehensive”… Deep and broad What info? –Defaults, judgments etc …and the new stuff? –Credit accounts –Repayment history Who can list it? Who can see it?

5. What else can a code do? Credit freezing Complaints handling Assurance reports Summary of rights Subscribers agreements

6. What’s next? Implementation of changes Education and public awareness –UMR survey (57% don’t know they can access free report) Review in 2015… –Have the amendments been successful? –Has more comprehensive reporting brought benefits? –Are any further changes needed? Trans-Tasman info sharing?