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Credit Reporting Privacy Code 2004 Amendment No 2

I, MARIE SHROFF, Privacy Commissioner, now issue under section 51 of the Act this amendment to the Credit Reporting Privacy Code 2004.

Issued by me at Wellington on 24 February 2006

 
The seal of the Privacy Commissioner )
was affixed to this amendment to the )
Credit Reporting Privacy Code 2004 ) (L.S)
by the Privacy Commissioner )

 

 
Marie Shroff
Privacy Commissioner

 
1. Title

This amendment is the Credit Reporting Privacy Code 2004 Amendment No. 2.

2. Commencement

This amendment comes into force on 1 April 2006.

3. Amendment to clause 5

Clause 5 is amended in the following manner:

Insert: in the appropriate alphabetical order:
credit default information means the credit information listed in paragraph (e) of the definition of credit information

 
4. Amendment to rule 2(2)

Rule 2(2) is amended in the following manner:

Omit: the word “or” at the end of sub-paragraph (d)(ii)

Omit: paragraph (e)

Insert: (e) that:
(i) the collection is from a debt collector that is enforcing a debt owed by the individual concerned; and
(ii) the information is identification information, supplementary identification information, credit default information or serious credit infringement information; or

(f) that the collection of the information is in accordance with an authority granted under section 54 of the Act.

5. Revocation

The Credit Reporting Privacy Code 2004 Amendment No 1 (Temporary) is revoked.

 

Legislative history

24 February 2006 – amendment issued
1 April 2006 – amendment commences

_Explanatory note:_

This note is not part of the amendment, but is intended to indicate its general effect.

This amendment, which comes into effect on 1 April 2006:

(1) Amends the Credit Reporting Privacy Code 2004 by:
• inserting a definition of “credit default information”
• amending rule 2(2) by adding a further exception permitting the collection of certain credit information from debt collectors.
(2) Revokes the Credit Reporting Privacy Code 2004 Amendment No 1 (Temporary).

The amendment commences on the same day as the relevant parts of the code being amended..

The amendment is deemed to be a regulation for the purposes of the Regulations (Disallowance) Act 1989.

Date of notification in the Gazette: 2 March 2006