Australia: Credit Reporting - Register your interest
Last Updated: 1 April 2014
Date: 31 Dec 2014
Time: 9.00am – 12.45pm
Location: Level 15, 1 Bligh Street, Sydney
Presenter(s): Randal Dennings, Samantha Carroll and Narelle Smythe
Contact: Phone, 1800 882 110, Contact Client Training
Cost: $591 per person
$532 per person if booking two weeks before the workshop
$502 per person if in a group of three or more
Register for Credit Reporting - Register your interest

New Program

Dates are scheduled on a needs basis. To register your interest please email client.training@claytonutz.com or follow the registration prompt above.

Commencement of the new Privacy Amendment (Enhancing Privacy Protection) Act 2012 is nearly upon us, with a start date of 12 March 2014.

One of the most significant changes under this Act are the credit reporting amendments which relate to the handling of credit information and credit eligibility information associated with consumer credit, and how this information is disclosed to or by credit reporting bodies.

Getting your head around the inner workings of the definitions is a challenge in itself, but implementing the new regime is arguably the most significant challenge of the amendments to the Privacy Act.

In particular:

How do you ensure that you have taken reasonable steps to ensure the credit reporting obligations are adequately covered off in your practices, procedures and systems?

What should you do to ensure ongoing compliance with these obligations?

How do you position your organisation to extract value from the implementation of the changes?

This workshop will answer these questions and address the key changes both from in a legal and governance, risk and compliance (GRC) perspective.

What we'll cover

  • Roadmap of key credit reporting obligations for credit providers
  • An analysis on how the Credit Reporting Code interacts with legislative obligations
  • Practical tips for implementing credit reporting changes in your business and testing the effectiveness of implementation
  • How to navigate through outsourcing and cross-border arrangements
  • Focus on direct marketing
  • What the Office of the Australian Information Commissioner expects?
  • Understanding the Australian Information Commissioner's new powers – penalties and enforcement.

What you'll learn

  • An understanding of the Privacy Act's new credit reporting obligations and the implications for your organisation
  • The ability to assess the impact of the new credit reporting obligations on your organisation and the effectiveness of implementation of GRC measures to comply with these obligations
  • A list of immediate steps to:
    • Get your organisation ready for the new laws and/or
    • Assess the effectiveness of implementation of GRC measures to comply with these obligations
  • Tips for monitoring and supervising compliance with obligations – what to look out for post-implementation.

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