Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


New privacy code boosts NZers' rights

Thursday 9 December

New credit reporting privacy code boosts NZers' rights

A new credit reporting privacy code will give New Zealanders free access to their own credit reports and strengthen their credit check rights, Privacy Commissioner Marie Shroff said today.

"Credit reporting raises many privacy issues," she said. "It involves pooling financial and other data on individuals into huge databases that are accessed by thousands of people. Inaccuracies can really harm people."

"The new Credit Reporting Privacy Code sets out to build greater transparency, accuracy and fairness, and this will help both individuals and businesses."

"Accuracy is particularly important," Mrs Shroff said. "Reliability of information is vital for the people credit reports are written about and also those who buy the reports."

Key features of the new code include:

* free access by individuals to their own credit reports from 1 April next year; * steps to ensure people know what happens to their personal information when they apply for a loan or make a credit purchase; * a plain language summary of rights; * obligations on credit reporters to maintain high standards in all aspects of their work; * Improving standards of reporting accuracy through: o requiring businesses supplying information for credit reports to ensure it is accurate and updated as necessary; o requiring credit reporters to maintain an audit programme that may make subscribers subject to spot checks on the reliability of information they have supplied; o requiring credit reporters to flag disputed records while they are being checked; o requirements to ensure that information on one individual is not wrongly attributed to another.

Mrs Shroff said the new code struck a careful balance between consumer privacy and business needs.

"We developed the code over several years and after a very intensive consultation process that included a large number of submissions from the industry and the public."

"I believe the Credit Reporting Privacy Code will bring about an orderly, fair, transparent and accurate credit reporting system," Mrs Shroff said. "My colleagues and I will keep it under careful review and we welcome comments at any time."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Zimbabwe: New Democracy, Or A False Dawn?

Gordon Campbell: Robert Mugabe = Hosni Mubarak. The current jubilation on the streets of Harare at the fall of Zimbabwe’s dictator Robert Mugabe is genuine, and one hates to be negative about the country’s future. Yet the situation is eerily similar to the scenes in Cairo in early 2011, when a popular uprising swept Hosni Mubarak from power in Egypt. More>>


Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>


Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>


Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>


Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>


Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>





Featured InfoPages

Opening the Election