Document ID: chunk:federal_register_of_legislation:F2025L00272:clause:1_2:p3
Version: federal_register_of_legislation:F2025L00272
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 3/4)
Character Range: 31631–34126

of banking sector data or NBL sector data and is, or is for, a covered product, and that:
 (a) is held in the name of the CDR consumer alone; or
 (b)  is a joint account of which the CDR consumer is one of the account holders; or
 (c) is a partnership account for a partnership in which the CDR consumer is a partner; or
 (d) is an account for which the CDR consumer is a secondary user;
whether or not the account can be accessed online, and, subject to subclauses (6) and (7), whether or not the account is open.
 (2) Subject to this clause, required consumer data, in relation to the banking sector or the NBL sector, means CDR data for which there is at least one CDR consumer:
 (a) that is banking sector data or NBL sector data (as applicable) of a kind mentioned in clause 1.3 relating to a relevant account of a CDR consumer (other than an account that is, or is for, a covered product mentioned in subclause (3); and
 (b) that is held by the data holder in a digital form.
Note 1: Paragraph (a), as it applies to product specific data mentioned in clause 1.3, would cover the following:
 any product prices that were negotiated individually with a CDR consumer;
 the interest rates that are current at the time of the request, as well as any other interest rates applicable to the covered product, and any terms and conditions associated with those interest rates;
 any features and benefits negotiated individually with a CDR consumer.
Note 2: So long as the CDR consumer is eligible to make a consumer data request in relation to a particular data holder, they will be able to make a consumer data request that relates to any relevant open account they have with the data holder (subject to subclauses (6) and (7)), including accounts that cannot be accessed online.
Note 3: A person is not a data holder of CDR data that was held by or on behalf of them before the earliest holding day (see paragraph 56AJ(1)(b) of the Act). Accordingly, such data cannot be requested under these rules.
 (3) For the purposes of paragraph (2)(a), the covered products mentioned in this subclause are:
 (a) a foreign currency account; and
 (b) a consumer lease; and
 (c) a reverse mortgage; and
 (d) a margin loan; and
 (e) asset finance that is non-standard vehicle finance (for example, a novated lease).
 (4) Subject to this clause, CDR data is voluntary consumer data in relation to the banking sector or the NBL sector if:
 (a) there is at least one CDR consumer for the CDR data; and
 (b) the