Document ID: chunk:federal_register_of_legislation:F2024C01258:clause:3_3:p3
Version: federal_register_of_legislation:F2024C01258
Segment Type: clause
Provision Reference: sch 3 cl 3 (pt 3/6)
Character Range: 394887–397442

to a data holder in the banking sector, means CDR data for which there are no CDR consumers:
 (a) that is within a class of information specified in the banking sector designation instrument; and
 (b) that is product specific data about a product; and
 (c) that is not required product data.
 (3) In this clause, a reference to a product is a reference to a product offered by or on behalf of the data holder.

3.2  Meaning of required consumer data and voluntary consumer data—banking sector
 (1) For these rules, subject to this clause, required consumer data, in relation to the banking sector, means CDR data for which there are one or more CDR consumers:
 (a) that is within a class of information specified in the banking sector designation instrument; and
 (b) that is:
 (i) customer data in relation to a CDR consumer; or
 (ii) account data in relation to an account of any of the following types (whether or not the account can be accessed online, and, subject to subclauses (4) and (5), whether or not open):
 (A) an account held by a CDR consumer in their name alone;
 (B) a joint account;
 (C) a partnership account; or
 (iii) transaction data in relation to a transaction on any such account; or
 (iv) product specific data in relation to a product that a CDR consumer uses and that relates to any such account; and
 (c) that is held by the data holder in a digital form.
Note 2: For subparagraph (b)(iv), for a consumer data request, product specific data could include the following:
 any product prices that were negotiated individually with a CDR consumer;
 the interest rates that are current at the time of the request, as well as any other interest rates applicable to the product, and any terms and conditions associated with those interest rates;
 any features and benefits negotiated individually with a CDR consumer.
Note 3: So long as the CDR consumer is eligible to make a consumer data request in relation to a particular data holder, they will be able to make or cause to be made a consumer data request that relates to any account they have with the data holder, including closed accounts (subject to subclauses (4) and (5)) or accounts that cannot be accessed online.
Note 4: A person is not a data holder of CDR data that was held by or on behalf of them before the earliest holding day (see paragraph 56AJ(1)(b) of the Act). Accordingly, such data cannot be requested under these rules.
 (2) For these rules, subject to this clause, CDR data is voluntary consumer data in relation to the banking sector if:
 (a) there is