Document ID: chunk:federal_register_of_legislation:C2025C00189:section:56fd
Version: federal_register_of_legislation:C2025C00189
Segment Type: section
Provision Reference: s 56FD
Character Range: 878565–880449

56FD  Legal effect of data standards
 (1) A contract is taken to be in force between:
 (a) a data holder of CDR data to which a binding data standard applies; and
 (b) each accredited person;
under which each of those persons:
 (c) agrees to observe the standard to the extent that the standard applies to the person; and
 (d) agrees to engage in conduct that the person is required by the standard to engage in.
Note: This means the data holder will be taken to have a separate contract with each accredited person.
 (2) If there is a designated gateway for CDR data to which a binding data standard applies, a contract is taken to be in force between:
 (a) a data holder of the CDR data; and
 (b) the designated gateway for the CDR data; and
 (c) each accredited person;
under which each of those persons:
 (d) agrees to observe the standard to the extent that the standard applies to the person; and
 (e) agrees to engage in conduct that the person is required by the standard to engage in.
Note: This means the data holder will be taken to have a separate 3‑party contract with the designated gateway and each accredited person.
 (2A) A contract is taken to be in force between:
 (a) an action service provider for a type of CDR action to which a binding data standard applies; and
 (b) each accredited action initiator for a CDR action of that type;
under which each of those persons:
 (c) agrees to observe the standard to the extent that the standard applies to the person; and
 (d) agrees to engage in conduct that the person is required by the standard to engage in.
Note: This means the action service provider will be taken to have a separate contract with each of those accredited action initiators.
 (3) However, if there is an inconsistency between a data standard, and the consumer data rules, those rules prevail over the standard to the extent of the inconsistency.