ARCA responds to late payment grace period changes

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Commonwealth Attorney-General, Senator the Hon George Brandis QC, has today requested the Credit Reporting Privacy Code (CR code) be varied so that the five day grace period for late payments recorded on a consumer’s credit report is extended to 14 days. As the CR code developer, ARCA will make an application to the Office of […]

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Today marks Australia’s move to comprehensive credit reporting

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On 12 March 2014, reforms to Australia’s Privacy Act will see significant changes to the credit reporting system including the introduction of the Credit Reporting Privacy Code (CR Code) drafted by the Australian Retail Credit Association (ARCA). Credit reports previously only featured negative information about an individual’s credit history, such as defaults and enquiries, but from today some credit […]

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CreditSmart empowers consumers to take control of their credit history

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Ahead of the impending overhaul of Australia’s credit reporting system, the Australian Retail Credit Association (ARCA) yesterday launched a new straight-talking website CreditSmart.org.au. The site provides a range of tools and tips to help educate consumers about the basics of credit reports and how they can proactively manage their credit history. In March 2014, reforms to […]

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