Consumer Lending – Implications of New Comprehensive Credit Reporting

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Australia is about to introduce a new form of consumer credit reporting which will bring it into line with most OECD countries. There have been many studies presented about the benefits of Comprehensive Credit Reporting (CCR)relative to the negative-only credit reporting environment that has been operating in Australia since the Commonwealth Privacy Act was introduced in 1988. These widely researched benefits include creating growth in lending; making lending fairer; and helping lenders mitigate risk.

With the new CCR regime due to be implemented in March 2014, some realities are beginning to emerge. The consequences of the US sub-prime crisis; the differences of Australia’s negative reporting regime relative other countries with positive reporting; and the structure of the Australian financial market; create challenges for government and industry as we transition to the new credit reporting environment.


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This paper was presented in July 2013 at the 18th Melbourne Money and Finance Conference (MMFC), which explored the theme Financial Sector Evolution – Prospect and Determinants.

For more papers presented in the conference, please click here.