commits to irretrievably destroy the information if, or when, this becomes possible. request” a financial hardship or payment difficulties notification or request that is “hardship regulated by legislation or an industry code. This does not include a once-off, short term payment extension that is not so regulated. has the meaning given to that term in the Acts Interpretation Act 1901. A 21D(3) notice” is a written notice that is by a CP to an individual pursuant to Section “Section 21D(3) stating that the CP intends to disclose default information to a CRB. A 6Q notice” is a written notice that is given by a CP to an individual pursuant to the definition “Section of default information in Section 6Q, informing the individual of the overdue payment and requesting that the individual pay the amount of the overdue payment. A event” is an event whereby the rights of a CP in relation to the repayment of an amount of “transfer consumer credit are acquired by an acquirer. Privacy Act Sec 20N(3) Credit reporting system arrangements Part IIIA and 20Q(2) Part IIIA requires CRBs to enter into written contracts with CPs that require CPs to ensure that the credit Provisions information that they disclose to CRBs is accurate, up-to-date and complete and that credit reporting information provided by CRBs to CPs is reasonably protected. Code agreement entered into by a CRB with a CP to meet the requirements of Section 20N(3) and Section Obligations 20Q(2) must oblige both parties to comply, to the extent applicable from time to time, with Part IIIA, the Privacy Regulation 2013 (the Regulations) and the CR Code. Para 4.1 of the CPs, mortgage insurers and trade insurers must take reasonable steps: pre-reform to inform employees, who handle credit reporting information or credit eligibility information, of code the requirements of Part IIIA, the Regulations and this CR code that relate to information of these types; and
commits to irretrievably destroy the information if, or when, this becomes possible. “hardship request” a financial hardship or payment difficulties notification or request that is regulated by legislation or an industry code. This does not include a once-off, short term payment extension that is not so regulated. has the meaning given to that term in the Acts Interpretation Act 1901. A “Section 21D(3) notice” is a written notice that is by a CP to an individual pursuant to Section 21D(3) stating that the CP intends to disclose default information to a CRB. A “Section 6Q notice” is a written notice that is given by a CP to an individual pursuant to the definition of default information in Section 6Q, informing the individual of the overdue payment and requesting that the individual pay the amount of the overdue payment. A “transfer event” is an event whereby the rights of a CP in relation to the repayment of an amount of consumer credit are acquired by an acquirer. Privacy Act Part IIIA Provisions Sec 20N(3) and 20Q(2) Credit reporting system arrangements Part IIIA requires CRBs to enter into written contracts with CPs that require CPs to ensure that the credit information that they disclose to CRBs is accurate, up-to-date and complete and that credit reporting information provided by CRBs to CPs is reasonably protected. Code Obligations agreement entered into by a CRB with a CP to meet the requirements of Section 20N(3) and Section 20Q(2) must oblige both parties to comply, to the extent applicable from time to time, with Part IIIA, the Privacy Regulation 2013 (the Regulations) and the CR Code. Para 4.1 of the pre-reform code CPs, mortgage insurers and trade insurers must take reasonable steps: to inform employees, who handle credit reporting information or credit eligibility information, of the requirements of Part IIIA, the Regulations and this CR code that relate to information of these types; and