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Minister Proposes Credit Reporting Code of Conduct

FINANCIAL PRIVACY—AUSTRALIA

January 10, 2011

Minister for Privacy Brendan O'Connor is calling for the development of a new Credit Reporting Code of Conduct designed to provide better privacy protection, TechWorld reports. In a statement, O'Connor said, "A binding Code of Conduct will be an integral part of the new credit reporting regime, helping to provide better protection for consumers and better guidance for business." The plan will be discussed at a roundtable on February 10, the report states, and O'Connor noted, "The roundtable will contribute to the development of the industry-led code and will provide an open forum for interested parties to discuss any outstanding issues of concern."
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