Important changes to reporting your credit history.

Posted on 06 March 2014

Important amendments to “The Privacy Act 1988 and Australian Privacy Principles” will commence on 12 March 2014. For individuals, the changes mean additional information can be accessed by a credit provider when you apply for credit of any kind. The information to establish your credit worthiness will include details on your:

  • Repayment history to credit providers over the past 24 months including defaults (available from 12 March 2014 but retrospective to include historic credit activity from December 2012)
  • Monthly credit repayments habits – payments on time or late
  • Credit applications – approved and declined
  • Credit card limits – including applications to increase the limit
  • Suspected fraudulent attempts to obtain credit or not complying with your credit repayment obligations

You may wish to consider ordering a copy of your credit record to ensure you are familiar with the information reported about you and to ensuring the captured information is accurate. A copy of your credit record can be obtained from

These are important changes for everyone. A good credit name - worth its weight in gold.