Document ID: chunk:federal_register_of_legislation:F2025L00272:clause:1_4
Version: federal_register_of_legislation:F2025L00272
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 20824–24441

4                                                                                   product specific data, in relation to a covered product supplied by a data holder                                                        (a) means information that identifies or describes the characteristics of the covered product; and
                                                                                                                                                                                                                             (b) includes all of the following information about the covered product:
                                                                                                                                                                                                                             (i) its type;
                                                                                                                                                                                                                             (ii) its name;
                                                                                                                                                                                                                             (iii) its price, including fees, charges and interest rates (however described);
                                                                                                                                                                                                                             (iv) the features, and any associated benefits of the product (such as discounts and bundles);
                                                                                                                                                                                                                             (v) any terms and conditions applicable to the product;
                                                                                                                                                                                                                             (vi) any customer eligibility requirements.

 (2) For the purposes of subparagraph (b)(iv) of column 2 of item 2, details of authorisations for direct debit deductions include, to the extent available:
 (a) any identifier for the counter-party that is authorised to debit the account; and
 (b) the dates and amounts of any debits the counter-party has made.

1.4  Meaning of covered product
 (1) A product of a kind specified in column 2 of an item of the table below (however described) is a covered product for a sector specified in column 1 of that item if:
 (a) the product is publicly offered by or on behalf of a data holder in that sector; and
 (b) the product is offered to customers by way of standard form contracts.
Note: For paragraph (b), section 27 of the Australian Consumer Law sets out matters that a court may take into account when determining whether a contract is a standard form contract.
 (2) A product need not be available to all members of the public in order to be publicly offered.
Note: A product may be offered subject to eligibility requirements. For instance, it may be available only to a person operating a particular type of business. This does not prevent it from being "publicly offered" if it would otherwise fall within the ordinary meaning of that term.

Products that may be covered products
Item                                   Column 1: Sector         Column 2: Products