Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Privacy Commissioner releases first assurance reports


Privacy Commissioner releases credit reporters first assurance reports


MEDIA RELEASE
27 November 2012


Privacy Commissioner Marie Shroff today released the first compliance assurance reports submitted to her office by the national credit reporting companies.

Under a new requirement of the Credit Reporting Privacy Code, credit reporters are required to file assurance reports each year with the Office of the Privacy Commissioner. The companies must involve an independent expert in the process of preparing their reports.

“The reports were all submitted on time and identify no significant compliance problems,” said Ms Shroff. “Each credit reporter shows how the vast amounts of credit information they accumulate on New Zealanders is accurate, secure, lawfully obtained and matched correctly.”

“The obligation on credit reporters to submit annual compliance reports is one of several new safeguards I’ve introduced to the credit reporting system this year. I’m making the reports public as a step towards holding the credit reporters accountable for handling the sensitive financial information of New Zealanders. We will be speaking with the credit reporters about their reports over the coming weeks.”

The reports can be viewed at www.privacy.org.nz.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Crown Accounts: NZ Government Deficit Smaller Than Expected In First Half

The New Zealand government's operating deficit was smaller than expected in the first six months of the financial year, as the consumption and corporate tax take rose ahead of forecast in December, having lagged estimates in previous months. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news