Document ID: chunk:federal_register_of_legislation:F2025L00272:clause:1_2:p2
Version: federal_register_of_legislation:F2025L00272
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 2/4)
Character Range: 29235–31826

the purposes of the definition of account privileges in subrule 1.7(1).
 (2) For the banking sector and NBL sector, a person has account privileges in relation to an account the person holds with a data holder in either of those sectors if:
 (a) the account is, or is for, a covered product; and
 (b) the person is able to make transactions on the account.

2.3  Consumer dashboard—application of rule 1.15
  For the purposes of subrule 1.15(1), if a data holder in the banking sector or NBL sector receives a consumer data request from an accredited person on behalf of a CDR consumer who is eligible in relation to the data holder, the data holder must provide the CDR consumer with a consumer dashboard.

Part 3—CDR data that may be accessed under these rules in relation to the banking sector and NBL sector

3.1  Meaning of required product data and voluntary product data—banking sector and NBL sector
 (1) Required product data, in relation to the banking sector or the NBL sector, means CDR data for which there are no CDR consumers:
 (a) that is banking sector data or NBL sector data (as applicable); and
 (b) that is product specific data about a covered product (other than a covered product mentioned in subclause (2)); and
 (c) that is held by the data holder in a digital form.
Note:  Product data can only be required to be disclosed if the data is about the eligibility criteria, terms and conditions, price, availability or performance of a covered product, or if the data is about availability or performance and is publicly available (see section 56BF of the Act).
 (2) For the purposes of paragraph (1)(b), 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).
 (3) Voluntary product data, in relation to the banking sector or the NBL sector, means CDR data for which there are no CDR consumers:
 (a) that is banking sector data or NBL sector data (as applicable); and
 (b) that is product specific data about a covered product; and
 (c) that is not required product data.

3.2  Meaning of required consumer data and voluntary consumer data—banking and NBL sectors
 (1) A relevant account, in relation to a CDR consumer, means an account that is held with a data holder 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