For Goverment

It is paramount for Government decision makers to have an active industry association committed to fair credit assessment, responsible credit practices and effective sharing of protected credit information – each critical for a sound and efficient credit market. A fair and equitable credit regime goes to the heart of social equity, and sustainable economic growth and as such privacy risks need to be assessed against the social and economic benefits of increased credit information sharing.


ARCA is facilitating the exchange of permissible and verifiable information between credit providers and credit reporting bodies. This exchange presents considerable challenges and opportunities for credit providers and bodies as it grows in scope and application.  ARCA’s role is to help build the most efficient exchange environment and help consumers, policymakers and stakeholders learn and adapt within it.


The role of ARCA in Australia is rapidly expanding, traversing greater and deeper credit territory.  The potential membership for ARCA is very large, as more sectors realise the importance and impact of utilising the best available data in the risk assessment process.


ARCA have formed the Code Industry Council (CIC) whose main function is to collaborate with industry, government and consumer groups to develop a Credit Reporting Code of Conduct.  The Code will reflect the tougher consumer protection provisions in The Privacy Amendment (Enhancing Privacy Protection) Bill 2012, tabled in Federal Parliament on 23 May 2012, and granted royal assent on 12 December 2012. The commencement date for the amendment Act is 12 March 2014.


The Code Industry Council has members from:

  • Australian Bankers’ Association (ABA)
  • Australian Collectors and Debt Buyers Association (ACDBA)
  • Australian Finance Conference (AFC)
  • Australian Institute of Credit Management (AICM)
  • Abacus
  • Communications Alliance
  • Insurance Council of Australia
  • Mortgage & Finance Association of Australia (MFAA)
  • National Financial Services Federation (NFSF)


And three of the Credit Reporting Bodies in Australia:

  • Dun and Bradstreet
  • Equifax
  • Experian