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Privacy Act
The Privacy Act 1988 (Cth) (Privacy Act) regulates the handling of personal information about individuals, including natural person guarantors. Personal information includes:
- • sensitive information; and
- • credit information.
This guidance note explains what is personal information, sensitive information and credit information of guarantors. It also explains (among other things) how banks and financial institutions’ may comply with the Privacy Act, the role of the Office of the Australian Information Commissioner in ensuring Privacy Act compliance, and the interaction between the Code of Banking Practice and the Privacy Act.
This guidance note contains examples of wording that relates to individual guarantors in privacy consents, and identifies useful resources for legal practitioners regarding the Privacy Act.
See Privacy Act.
