Banking (State Bank of South Australia and Other Matters) Act 1994

Bank of South Australia Limited was a credit provider in relation to credit provided to an individual; and

as a result of the operation of a re-transfer provision, the individual’s account was transferred to the State Bank of South Australia or to a designated subsidiary of the State Bank of South Australia on a particular day (the “re-transfer day”); and

a credit reporting agency had been given information that the individual is overdue in making a payment in respect of the credit provided by Bank of South Australia Limited.

Subsection 18F(3) of the Privacy Act 1988 has effect, on and after the re-transfer day, as if the credit reporting agency had been given information that the individual was overdue in making a payment in respect of credit provided by the State Bank of South Australia or the designated subsidiary, as the case requires.