The Privacy Commissioner's office has received nearly 200 responses to its consultation paper on allowing banks to share positive credit data. The responses are mostly concerns about privacy safeguards from individuals. The consultation, which ended at the weekend, drew more responses than that for a controversial workplace surveillance code this year. Privacy Commissioner Raymond Tang Yee-bong said there had been an 'outburst of dissatisfaction' from people who did not trust banks to safeguard the privacy of their data and who were worried about the concentration of information in a single credit bureau. Banks can already share individuals' negative credit data, such as defaults on loans, but cannot exchange information such as how many loans a potential customer already has. Financial institutions have long been lobbying for approval to share such information, claiming it would help bring down the high bankruptcy rates that have plagued the SAR in the past few years. Mr Tang said major concerns raised related to the concentration of information in one place, adequacy of safeguards, need for transparency and the lack of heavy penalties for non-compliance. 'The concerns are valid and this is by no means a fait accompli. But if I were to allow individuals to conceal data in such a way to get a loan, is that right or wrong?' Mr Tang asked. 'We should be creating a system of responsible borrowing relationships or it will be to the detriment of society as a whole.' The commission received 199 submissions, including 160 from individuals and 27 from banks and financial institutions. Mr Tang is due to make a final decision in December, after which the commission will compile the final code. He said the credit data sharing project was the most challenging he had dealt with in terms of balancing individuals' rights and the public interest.