56BZAAccredited persons must act efficiently, honestly and fairly when initiating CDR actions etc.

56BZA Accredited persons must act efficiently, honestly and fairly when initiating CDR actions etc.

A person contravenes this section if:

(a) the person is an accredited person; and

(b) the person’s accreditation authorises the person to initiate a type of CDR action; and

(c) the person engages in conduct that includes:

(i) proposing to a potential CDR consumer for a CDR action of that type that the person give a valid instruction under the consumer data rules for the performance of the CDR action; or

(ii) giving a valid instruction under the consumer data rules for the performance of a CDR action of that type; and

(d) the person fails to act efficiently, honestly and fairly in relation to a matter described in subparagraph (c)(i) or (ii).

Note: For enforcement, see Part VI (including section 76 for an order for payment of a pecuniary penalty).