History

ARCA is an initiative of senior credit executives from financial and non-financial credit providers and credit reporting bodies who in 2006 recognised the need for a collaborative forum to advocate for improvements to the credit reporting system in Australia and New Zealand.

 

In 2006, ARCA became Australia’s first industry peak body dedicated to representing the views of the wide-ranging organisations involved in the provision of credit to consumers, with a particular focus on the role of data exchange to promote better credit decisions.

 

ARCA is a globally unique industry body, providing a forum for both credit providers and credit reporting bodies to meet, discuss and address industry issues in a collaborative fashion. The formation of ARCA allowed for an opportunity to bring industry together to advocate for the introduction of comprehensive credit reporting in Australia, which was introduced in 2014 following major changes to credit reporting laws. Comprehensive credit reporting is expected to deliver wide-ranging benefits for industry, consumers, and ultimately the Australian economy.

 

ARCA played a major role in the introduction of comprehensive credit reporting in Australia, as a single voice throughout the law reform process. ARCA has also played a key role in the development of the industry rules for comprehensive credit reporting, the Principles of Reciprocity & Data Exchange, and in the development of the data exchange standards, the Australian Credit Reporting Data Standards.

 

Looking to the future, ARCA remains the key forum for consideration of issues related to the credit reporting system in Australia, including advocating for positive change on behalf of our Members (View submissions). We offer a full suite of services to our Members, including advocacy and public policy leadership, industry support and assistance, industry events and forums, and a range of learning solutions to support Member needs.  To find out more about ARCA membership, click here.