What is a CR code
(1) A CR code is a written code of practice about credit reporting.
(a) set out how one or more of the provisions of Part IIIA are to be applied or complied with; and
(b) make provision for, or in relation to, matters required or permitted by Part IIIA to be provided for by the registered CR code; and
(c) bind all credit reporting bodies; and
(d) specify the credit providers that are bound by the code, or a way of determining which credit providers are bound; and
(e) specify any other entities subject to Part IIIA that are bound by the code, or a way of determining which of those entities are bound.
(3) A CR code may do one or more of the following:
(a) impose additional requirements to those imposed by Part IIIA, so long as the additional requirements are not contrary to, or inconsistent with, that Part;
(b) deal with the internal handling of complaints;
(c) provide for the reporting to the Commissioner about complaints;
(d) deal with any other relevant matters.
(4) A CR code may be expressed to apply differently in relation to:
(a) classes of entities that are subject to Part IIIA; and
(b) specified classes of credit information, credit reporting information or credit eligibility information; and
(c) specified classes of activities of entities that are subject to Part IIIA.
(5) A CR code is not a legislative instrument.