Date lodged:
20 February 2015
Status:
Completed
Outcome:
Granted on 3 December 2015
Summary
The Australian Retail Credit Association (ARCA) has sought authorisation on behalf of itself and current and future signatories in relation to the establishment of a standardised system for exchanging credit liability information between credit reporting bodies and credit providers called the Principles of Reciprocity and Data Exchange (PRDE).
ARCA sought authorisation in relation to provisions of the PRDE that fall into the following categories: Reciprocity Obligations, Consistency Obligations and Enforceability Provisions. ARCA has developed these principles following amendments to the Privacy Act which allow a much broader range of consumer credit information to be collected and exchanged. The PRDE only applies to consumer credit information and credit reporting information.
Authorisation was sought for 5 years.
On 17 July 2015 the ACCC issued a draft determination proposing to grant authorisation to ARCA for 5 years. A copy of the draft determination is available by following the links below.
On 3 December 2015 the ACCC granted authorisation to ARCA for five years, for the Reciprocity Obligations, Consistency Obligations and Enforceability Provisions of the PRDE until 25 December 2020.
ARCA sought authorisation in relation to provisions of the PRDE that fall into the following categories: Reciprocity Obligations, Consistency Obligations and Enforceability Provisions. ARCA has developed these principles following amendments to the Privacy Act which allow a much broader range of consumer credit information to be collected and exchanged. The PRDE only applies to consumer credit information and credit reporting information.
Authorisation was sought for 5 years.
On 17 July 2015 the ACCC issued a draft determination proposing to grant authorisation to ARCA for 5 years. A copy of the draft determination is available by following the links below.
On 3 December 2015 the ACCC granted authorisation to ARCA for five years, for the Reciprocity Obligations, Consistency Obligations and Enforceability Provisions of the PRDE until 25 December 2020.
Applicant(s)
- Australian Retail Credit Association Limited
Authorisation number(s)
- A91482
Applications
Document title | Date | |
---|---|---|
Applicant to ACCC re Provision of Further Information ( PDF 38.35 KB ) | 9 Jul 2015 | |
Attachment F ? KPMG Report ( PDF 437.65 KB ) | 20 Feb 2015 | |
Attachment A - Proposed PRDE ( PDF 121.54 KB ) | 20 Feb 2015 | |
Received ( PDF 1.13 MB ) | 20 Feb 2015 | |
Show all documents (1 more) |
Decisions
Document title | Date | |
---|---|---|
Final Determination ( PDF 1.12 MB ) | 3 Dec 2015 | |
Draft Determination ( PDF 1.09 MB ) | 17 Jul 2015 |
ACCC correspondence
Submissions - before draft decision
Document title | Date | |
---|---|---|
Applicant to ACCC re Provision of Further Information ( PDF 120.19 KB ) | 10 Jul 2015 | |
Applicant to ACCC re Reponse to Interested Party Submissions ( PDF 1.22 MB ) | 29 May 2015 | |
Australian Securities & Investment Commission ( PDF 65.56 KB ) | ||
Australian Finance Conference ( PDF 707.3 KB ) | 9 Apr 2015 | |
Australian Bankers' Association Limited ( PDF 176.07 KB ) | 8 Apr 2015 | |
Customer Owned Banking Association ( PDF 165.73 KB ) | 7 Apr 2015 | |
Origin ( PDF 133.68 KB ) | 7 Apr 2015 | |
VEDA ( PDF 18.33 MB ) | 2 Apr 2015 | |
ME Bank ( PDF 67.48 KB ) | 2 Apr 2015 | |
Dun & Bradstreet ( PDF 670.4 KB ) | 1 Apr 2015 | |
Experian ( PDF 2.38 MB ) | 1 Apr 2015 | |
Consumer Action Law Centre, Financial Rights Legal Centre and Financial Counselling Aust. ( PDF 333.58 KB ) | 1 Apr 2015 | |
ConsumaData ( PDF 540.8 KB ) | 31 Mar 2015 | |
GE Capital ( PDF 96.21 KB ) | 30 Mar 2015 | |
Office of the Australian Information Commissioner ( PDF 99.32 KB ) | 23 Mar 2015 | |
Show all documents (12 more) |
Submissions - after draft decision
Document title | Date | |
---|---|---|
Applicant ( PDF 567 KB ) | 11 Sep 2015 | |
Office of the Australian Information Commissioner ( PDF 71.02 KB ) | 19 Aug 2015 | |
Consumer Action Law Centre, Financial Rights Legal Centre, Financial Counselling Australia ( PDF 128.29 KB ) | 14 Aug 2015 | |
Veda ( PDF 1.67 MB ) | 14 Aug 2015 | |
GE Capital ( PDF 321.36 KB ) | 14 Aug 2015 | |
Experian Australia Credit Services Pty Ltd ( PDF 464.44 KB ) | 18 Aug 2015 | |
Applicant to ACCC re Extension of statutory time ( PDF 39.44 KB ) | 21 Jul 2015 | |
Show all documents (4 more) |