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Consumer Data Right (Authorised Deposit-Taking Institutions) Designation 2019
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Consumer Data Right (Authorised Deposit-Taking Institutions) Designation 2019
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(1) This section applies to information about a product, including, but not limited to, the following: (a) information identifying or describing the product; (b) each price of the product, including a fee, charge or interest rate associated with the product; (c) a feature or benefit of the product; (d) the terms and conditions associated with the product; (e) the eligibility criteria a person must meet in order to acquire or use the product.
Note: Example: For paragraph 8(1)(c), an example of a feature or benefit of a product is a discount or bundle offered in connection with the product.
(2) Without limiting subsection (1), the information may relate to the product: (a) as offered or provided to particular classes of customer; or (b) as tailored to a particular customer.