Modifications of certain provisions for parts of the banking sector
28RB Modifications of certain provisions for parts of the banking sector
For the purposes of paragraph 56GE(2)(c) (modifications) of the Act, this regulation declares that the provisions of the Competition and Consumer (Consumer Data Right) Rules 2020 apply in relation to:
the classes of data holders referred to in subclause 6.6(1) of Schedule 3 to those Rules; and
the classes of CDR data referred to in that subclause;
as if that subclause were modified by replacing the commencement table in that subclause with the following:
Data holder | Data sharing obligations | Start date | 1 Feb 2021 | 1 Mar 2021 | 1 Jul 2021 | 1 Nov 2021 | 1 Feb 2022 | 1 Oct 2022 |
|---|---|---|---|---|---|---|---|---|
Initial data holders (NAB, CBA, ANZ, Westpac branded products) | Part 2 | All product phases | All product phases | All product phases | All product phases | All product phases | All product phases | All product phases |
Part 3 | ‑ | ‑ | ‑ | ‑ | ‑ | ‑ | ‑ | |
Part 4 | Phase 1 | All product phases | All product phases | All product phases | All product phases | All product phases | All product phases | |
Any other relevant ADI and initial data holders for non‑primary brands | Part 2 | Phase 1 | Phase 1 | Phase 1 | All product phases | All product phases | All product phases | All product phases |
Part 3 | ‑ | ‑ | ‑ | ‑ | ‑ | ‑ | ‑ | |
Part 4 | ‑ | ‑ | ‑ | Phase 1 JAE CODE | Phase 1 | All product phases | All product phases | |
Accredited ADI and accredited non‑ADI (reciprocal data holder) | Part 2 | All product phases | All product phases | All product phases | All product phases | All product phases | All product phases | All product phases |
Part 3 | ‑ | ‑ | ‑ | ‑ | ‑ | ‑ | ‑ | |
Part 4 | ‑ | ‑ | Phase 1 JAE CODE | All product phases | All product phases | All product phases | All product phases |
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