15. Duty to safeguard integrity of data through contracts with data providers

Terms defined in this Act

• arrangement

  arrangement

  Defined · s 39

  “arrangement” includes any formal or informal scheme, arrangement or understanding, and any trust whether express or implied;

  Open s 39
• data

  data

  Defined · s 2

  “data” means —(a)information relating to a person’s creditworthiness, including (to avoid doubt) customer information of a member of a licensed credit bureau; or(b)information relating to a person that is processed by a licensed credit bureau in the course of its credit reporting business,as the case may be;

  Open s 2
• data provider

  data provider

  Defined · s 2

  “data provider”, in relation to a licensed credit bureau, means any person (including a member of the licensed credit bureau) that is obliged under any contract or arrangement with the licensed credit bureau, to provide to the licensed credit bureau for the purposes of the licensed credit bureau’s credit reporting business, any information relating to a person’s creditworthiness, including (to avoid doubt) customer information of a member of the licensed credit bureau;

  Open s 2
• integrity

  integrity

  Defined · s 2

  “integrity”, in relation to data, means the data is accurate, complete, current and not misleading;

  Open s 2
• licensed credit bureau

  licensed credit bureau

  Defined · s 2

  “licensed credit bureau” means a credit bureau that is for the time being licensed;

  Open s 2
• member

  member

  Defined · s 2

  “member”, in relation to a licensed credit bureau, means an entity that is obliged under any contract or arrangement with the licensed credit bureau to provide data to the licensed credit bureau, and is entitled under such contract or arrangement to —(a)receive or request data from the licensed credit bureau;(b)use data received from the licensed credit bureau; and(c)disclose data received from the licensed credit bureau;

  Open s 2