Competition and Consumer Amendment (Consumer Data Right Measures No. 1) Regulations 2022 (Cth)

Competition and Consumer Amendment (Consumer Data Right Measures No. 1) Regulations 2022

I, General the Honourable David Hurley AC DSC (Retd), Governor‑General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations.

Dated 31 March 2022

David Hurley

Governor‑General

By His Excellency’s Command

Jane Hume

Minister for Superannuation, Financial Services and the Digital Economy

Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments  2

Competition and Consumer Regulations 2010  2

1  Name

This instrument is the Competition and Consumer Amendment (Consumer Data Right Measures No. 1) Regulations 2022.

2  Commencement

(1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1.  The whole of this instrument	The day after this instrument is registered.	2 April 2022

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

(2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

This instrument is made under the Competition and Consumer Act 2010.

4  Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Competition and Consumer Regulations 2010

1  After regulation 28RA

Insert:

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:

(a)  the classes of data holders referred to in subclause 6.6(1) of Schedule 3 to those Rules; and

(b)  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 to 31 Jan 2021	1 Feb 2021 to 28 Feb 2021	1 Mar 2021 to 30 Jun 2021	1 Jul 2021 to 31 Oct 2021	1 Nov 2021 to 31 Jan 2022	1 Feb 2022 to 30 Sept 2022	1 Oct 2022  onward
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 Phase 2	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 2	Phase 1 Phase 2	All product phases	All product phases	All product phases	All product phases
	Part 3	‑	‑	‑	‑	‑	‑	‑
	Part 4	‑	‑	‑	Phase 1 JAE CODE	Phase 1 Phase 2  JAE	All product phases JAE	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 JAE	All product phases JAE	All product phases JAE	All product phases