Credit reporting agencies that have previously been informed about current credit provider status
27 Credit reporting agencies that have previously been informed about current credit provider status
.(1) This section applies if:
the State Bank of South Australia or a designated subsidiary of the State Bank of South Australia was a credit provider in relation to credit provided to an individual; and
as a result of the operation of a transfer provision, the individual’s account was transferred to Bank of South Australia Limited on a particular day (the “transfer day”); and
a credit reporting agency had previously been informed that the State Bank of South Australia or the designated subsidiary, as the case may be, was a current credit provider in relation to the individual.
This Division and subsection 18F(5) of the Privacy Act 1988 have effect, on and after the transfer day, as if the credit reporting agency had previously been informed that Bank of South Australia Limited was a current credit provider in relation to the individual.
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