ANZ Dashboard Digest

Correction: Privacy Commissioner Considering Amendment

FINANCIAL PRIVACY—NEW ZEALAND

November 19, 2010

Last week's ANZ Dashboard Digest erroneously reported that the privacy commissioner of New Zealand had released a new credit reporting privacy code. In actuality, the privacy commissioner is considering a proposed amendment to the Credit Reporting Privacy Code that was released for public comment in June of this year. The commissioner's office accepted public comments on the proposed changes through August and is today "continuing to consider" the amendment, according to Assistant Commissioner Blair Stewart. "The amendment proposes some changes to New Zealand credit reporting law, including a move to more comprehensive credit reporting," Stewart said, noting that the privacy commissioner "will issue the amendment, possibly with some changes as a result of submissions, in the coming months. Any changes to the code would come into force in 2011 or 2012."
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