The financial services industry proposed to extend the existing credit data sharing system to include both positive and negative mortgage data in respect of residential as well as non-residential properties. The Office of the Privacy Commissioner for Personal Data ("PCPD") commenced a public consultation to seek the views of the public and stakeholders on 5 January. The consultation ended on 8 February 2011.
The Privacy Commissioner for Personal Data is analysing and considering the views received. It is expected that the final determination on the privacy issues will be made and the result of the consultation will be announced in early March 2011.