Meaning of repayment history information
(1) If a credit provider provides consumer credit to an individual, the following information about the consumer credit is repayment history information about the individual:
(a) whether or not the individual has met an obligation to make a monthly payment that is due and payable in relation to the consumer credit;
(b) the day on which the monthly payment is due and payable;
(c) if the individual makes the monthly payment after the day on which the payment is due and payable—the day on which the individual makes that payment.
(2) The regulations may make provision in relation to:
(a) whether or not an individual has met an obligation to make a monthly payment that is due and payable in relation to consumer credit; and
(b) whether or not a payment is a monthly payment.