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National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Bill 2019

2019

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Bill 2019

 

No.      , 2019

 

(Treasury)

 

 

 

A Bill for an Act to amend the law relating to credit reporting, and for other purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedules............................................................................................ 2

Schedule 1—Main amendments                                                                                     3

National Consumer Credit Protection Act 2009                                                    3

Privacy Act 1988                                                                                                        26

Schedule 2—Financial hardship and other amendments                             28

Part 1—Financial hardship amendments                                                            28

Privacy Act 1988                                                                                                        28

Part 2—Related amendments                                                                                  33

National Consumer Credit Protection Act 2009                                                  33

National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009      34

Part 3—Other amendments                                                                                       36

Privacy Act 1988                                                                                                        36

 



A Bill for an Act to amend the law relating to credit reporting, and for other purposes

The Parliament of Australia enacts:

1   Short title

                   This Act is the National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Act 2019.

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent .

 

2.  Schedule 1

The day after this Act receives the Royal Assent.

 

3.  Schedule 2, Part 1

The later of:

(a) the day after this Act receives the Royal Assent; and

(b) 1 April 2021.

 

4.  Schedule 2, Part 2

Immediately after the commencement of the provisions covered by table item 3.

 

5.  Schedule 2, Part 3

The day after this Act receives the Royal Assent.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedules

                   Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.