PRIVACY ACT 1988 - SECT 20W Retention period for credit information--general
PRIVACY ACT 1988 - SECT 20W
Retention period for credit information--generalThe following table sets out the retention period for credit information:
(a) that is information of a kind referred to in an item of the table; and
(b) that is held by a credit reporting body.
Item | If the credit information is ... | the retention period for the information is ... |
1 | the period of 2 years that starts on the day on which the consumer credit to which the information relates is terminated or otherwise ceases to be in force. | |
2 | the period of 2 years that starts on the day on which the monthly payment to which the information relates is due and payable. | |
2A | the period of 1 year that starts on the day on which the monthly payment to which the information relates is due and payable. | |
3 | information of a kind referred to in paragraph 6N(d) or (e) | the period of 5 years that starts on the day on which the information request to which the information relates is made. |
4 | the period of 5 years that starts on the day on which the credit reporting body collects the information. | |
5 | the period of 5 years that starts on the day on which the credit reporting body collects the default information to which the payment information relates. | |
6 | new arrangement information within the meaning of subsection 6S(1) | the period of 2 years that starts on the day on which the credit reporting body collects the default information referred to in that subsection. |
7 | new arrangement information within the meaning of subsection 6S(2) | the period of 2 years that starts on the day on which the credit reporting body collects the information about the opinion referred to in that subsection. |
8 | the period of 5 years that starts on the day on which the judgement to which the information relates is made or given. | |
9 | information of a kind referred to in paragraph 6N(l) | the period of 7 years that starts on the day on which the credit reporting body collects the information. |