Consumer data right goes to Parliament
Commerce and Consumer Affairs Minister David Clark announced the Government would begin the legislative process for consumer data rights (CDR) later this year with the hope it would be introduced sometime in 2022.
“Consumers should be in the driver’s seat when it comes to how their personal information is used by third parties,” Clark says.
A consumer data right (CDR) is a mechanism that requires data holders such as banks, insurers, financial advice companies and electricity retailers, to safely and securely share data with third parties following consent from the customer.
Clark says it would allow New Zealanders to gain access to a wider range of products and services that better meet their needs.
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