Document ID: chunk:federal_register_of_legislation:F2025L00272:clause:1_30:p1
Version: federal_register_of_legislation:F2025L00272
Segment Type: clause
Provision Reference: sch 1 cl 30 (pt 1/3)
Character Range: 37077–39843

30  Part 6 of Schedule 3
Repeal the Part, substitute:

Part 6—Application of these rules to the banking and NBL sectors

Division 6.1—Staged application to the NBL sector

6.1  Definitions
  In this Part:
complex request means a consumer data request that:
 (a) is made on behalf of a secondary user; or
 (b) relates to a joint account or a partnership account; or
 (c) is made on behalf of a CDR consumer who has a nominated representative.
Note: For paragraph (c), see paragraph 1.13(1)(c) of these rules.

initial provider—see clause 6.2.

large provider—see clause 6.2.
tranche 1 date means 13 July 2026.
tranche 2 date means 9 November 2026.
tranche 3 date means 10 May 2027.

6.2  Meaning of initial provider and large provider
 (1) A relevant non-bank lender is an initial provider on and after the commencement day if, on the commencement day, each of the following is over $10 billion:
 (a) the total value of the resident loans and resident finance leases reported to the Australian Prudential Regulation Authority under the applicable standards by the lender and each of its associated non-bank lenders in relation to the most recent calendar month for which a report was given to the Australian Prudential Regulation Authority before the commencement day;
           1.     the total value of the resident loans and resident finance leases reported to the Australian Prudential Regulation Authority under the applicable standards by the lender and each of its associated non-bank lenders during the 12 months before the commencement day, averaged over that period.
 (2) Subject to this clause, a relevant non-bank lender is a large provider on and after the first day on which it meets the large provider qualification if, on that day, the lender:
 (a) is not an initial provider; and
 (b) meets the large provider qualification, as set out in subclause (3) or (4).
 (3) A relevant non-bank lender meets the large provider qualification on the commencement day, or on a 1 July after that day (the relevant day), if:
  (a) each of the following is over $1 billion:
 (i) the total value of the resident loans and resident finance leases reported to the Australian Prudential Regulation Authority under the applicable standards by the lender and each of its associated non-bank lenders in relation to the most recent calendar month for which a report was given to the Australian Prudential Regulation Authority before the relevant day;
 (ii) the total value of the resident loans and resident finance leases reported to the Australian Prudential Regulation Authority under the applicable standards by the lender and each of its associated non-bank lenders during the 12 months before the relevant day, averaged over that period; and
 (b) the lender has more