Document ID: chunk:federal_register_of_legislation:F2024C01258:schedule:3
Version: federal_register_of_legislation:F2024C01258
Segment Type: schedule
Provision Reference: sch 3
Character Range: 373922–376761

Schedule 3—Provisions relevant to the banking sector

Part 1—Preliminary

1.1  Simplified outline of this Schedule

      This Schedule deals with how these rules apply in relation to the banking sector.
      Some defined terms apply only in relation to the banking sector. These are defined in Part 1 of this Schedule.
      Part 2 of this Schedule deals with eligible CDR consumers in relation to the banking sector.
      Part 3 of this Schedule deals with CDR data that can or must be disclosed when product data requests and consumer data requests are made in relation to the banking sector.
      Part 5 of this Schedule deals with internal dispute resolution requirements in relation to the banking sector.
      Part 6 of these rules deals with the staged application of these rules to the banking sector. Over time, as set out in this Part, these rules will apply to a progressively broader range of data holders within the banking sector, and to a progressively broader range of banking products.
      Part 7 deals with provisions of these rules that apply differently in relation to the banking sector.

1.2  Interpretation
  In this Schedule:
account data has the meaning given by clause 1.3 of this Schedule.
accredited ADI has the meaning given by clause 6.2 of this Schedule.
any other relevant ADI has the meaning given by clause 6.2 of this Schedule.
associate has the meaning given by the banking sector designation instrument.
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 designation instrument means the Consumer Data Right (Authorised Deposit‑Taking Institutions) Designation 2019.
customer data has the meaning given by clause 1.3 of this Schedule.
foreign ADI has the meaning given by the Banking Act 1959.
initial data holder has the meaning given by clause 6.2 of this Schedule.
phase 1 product has the meaning given by clause 1.4 of this Schedule.
phase 2 product has the meaning given by clause 1.4 of this Schedule.
phase 3 product has the meaning given by clause 1.4 of this Schedule.
product has the meaning given by the banking sector designation instrument.
product specific data has the meaning given by clause 1.3 of this Schedule.
transaction data has the meaning given by clause 1.3 of this Schedule.

1.3  Meaning of customer data, account data, transaction data and product specific data
  For this Schedule, a term listed in column 1 of the table has the meaning given by column 2.

Meaning of customer data, account data, transaction data and product specific data
                                                                                    Column 1                                                    Column 2