Independent review of Australia’s Credit Reporting Framework


On 27 February 2024, the Australian Government announced an independent Review of Australia’s Credit Reporting Framework.

This review will examine the effectiveness and efficiency of the credit reporting provisions in the Privacy Act 1988 (Privacy Act) and the National Consumer Credit Protection Act 2009 (Credit Act).


Former Australian Prudential Regulation Authority (APRA) senior executive Heidi Richards has been appointed to conduct the independent review.

Parallel requirements

The National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Act 2021 introduced parallel requirements for independent reviews of Australia’s credit reporting system of the:

  • credit reporting provisions in Part IIIA of the Privacy Act with the report to be provided to the Attorney-General (s25B Privacy Act)
  • mandatory credit reporting provisions in Part 3-2CA of the Credit Act with the report to be provided to the Assistant Treasurer (s133CZL Credit Act).

These reviews must be undertaken with reports provided to the relevant ministers no later than 1 October 2024.

Review details

Full information on the review, including the terms of reference, is available at the Attorney-General's Department website.