Comprehensive credit reporting (CCR) as part of a government-initiated industry change to provide a more complete picture of consumers' credit history. Customers will now see new information on their credit report. A credit report previously contained any credit enquiries, defaults and serious credit infringements. The additional information shared for CCR includes account open and closed dates, types of credit, credit limits and up to 24 months of repayment history information.

Previously Australia had a negative reporting system. Under a comprehensive credit reporting system positive data is able to be included on credit reports. Most developed countries in the world operate under a comprehensive credit reporting system.

The positive data that can be included on credit reports includes account information such as the date an account was opened and closed, credit limit, type of credit account as well as 24 months repayment history. Repayment history information can only be provided by and shared with licenced credit providers - this doesn't include telco and utility companies.

For all Australians - This means that if you make your repayments on time each month this good credit behaviour will be recorded on your credit report. This in turn will make credit easier & we believe in the long term cheaper.