False or misleading credit information or credit eligibility information
Offences (1) A credit provider commits an offence if: (a) the provider discloses credit information under section 21D; and (b) the information is false or misleading in a material particular. Penalty: 200 penalty units. (2) A credit provider commits an offence if: (a) the provider uses or discloses credit eligibility information under this Division; and (b) the information is false or misleading in a material particular. Penalty: 200 penalty units. Civil penalties (3) A credit provider must not disclose credit information under section 21D if the information is false or misleading in a material particular. Civil penalty: 2,000 penalty units. (4) A credit provider must not use or disclose credit eligibility information under this Division if the information is false or misleading in a material particular. Civil penalty: 2,000 penalty units.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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