Document ID: chunk:federal_register_of_legislation:F2025L00272:clause:1_23:p1
Version: federal_register_of_legislation:F2025L00272
Segment Type: clause
Provision Reference: sch 1 cl 23 (pt 1/2)
Character Range: 7687–10428

23  Parts 1 to 3 of Schedule 3
Repeal the Parts, substitute:

Part 1—Preliminary

Division 1.1—Simplified outline

1.1  Simplified outline of this Schedule

      This Schedule deals with how these rules apply in relation to the banking sector and non-bank lenders sector (NBL sector).
      Part 1 of this Schedule excludes certain data holders in the banking sector and NBL sector from the application of these rules, and defines certain terms relevant to those sectors.
      Part 2 of this Schedule deals with eligible CDR consumers in relation to the banking sector and NBL sector.
      Part 3 of this Schedule deals with CDR data that may or must be disclosed when product data requests and consumer data requests are made in relation to the banking sector and NBL sector.
      Part 5 of this Schedule deals with dispute resolution requirements in relation to the banking sector and NBL sector.
      Part 6 of this Schedule deals with the staged application of these rules to the NBL sector. Over time, as set out in that Part, these rules will apply to a progressively broader range of data holders and types of requests in relation to that sector. Part 6 also affects the application of these rules to the banking sector in some respects.
      Part 7 of this Schedule sets out modifications of these rules, and also deals with other, miscellaneous matters, in relation to the banking sector and NBL sector.
      Part 8 of this Schedule makes certain modifications to the operation of these rules in cases where an entity moves from the NBL sector to the banking sector.

Division 1.2—Application of these rules in relation to the banking and NBL sectors

1.1A  Application of these rules
  These rules do not apply in respect of any of the following kinds of data holder in the banking sector or the NBL sector (an excluded data holder):
 (a) a data holder that is a body corporate, if the body:
 (i) is a registered religious body; and
 (ii) offers a covered product or products in advancing its charitable purposes;
 (b) a data holder that is:
 (i) a foreign ADI for the purposes of the Banking Act 1959; or
 (ii) a foreign branch of an Australian ADI; or
 (iii) a restricted ADI.

Division 1.3—Definitions

1.2  Definitions
  In this Schedule:
account data has the meaning given by clause 1.3 of this Schedule.
accounting standard means an accounting standard made under section 334 of the Corporations Act 2001.
banking business has the meaning given by the banking sector designation instrument.
banking sector means the sector of the Australian economy that is designated by the banking sector designation instrument.
banking sector data means CDR data covered by the banking sector designation instrument.
banking sector