7Specified classes of information—information about use of product

7 Specified classes of information—information about use of product

(1) Subject to subsection (3), this section applies to information about the use of a product by: (a) a person to whom the product has been, or is being, supplied; or (b) the person’s associate, where that product has also been, or is also being, supplied to the associate. (2) The information mentioned in subsection (1) includes, but is not limited to, the following: (a) information identifying an account associated with the product; (b) each balance of an account associated with the product; (c) information about a transaction made by the person or associate in connection with the product; (d) information about an authorisation given by the person or associate in connection with an account associated with the product, including information about: (i) the persons who are authorised to use or access, or view information relating to, the account; and (ii) a third party authorisation to make a payment. (3) The information mentioned in subsection (1) does not include information to which section 10 applies.

Note: Example 1: For paragraph 7(2)(a), an account number and account name are examples of information identifying an account associated with a product.

Note: Example 2: For paragraph 7(2)(d), a direct debit authorisation, a scheduled payment and a payee authorisation are examples of a third party authorisation to make a payment. Information about a direct debit authorisation may include, for example, the party to whom the payment is to be made, the amount to be debited and the date on which the transaction is to be made.