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On 4 November 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth), to Australia and New Zealand Banking Corporation Limited (ANZ), deferring its product reference data and consumer data sharing obligations for its new ‘ANZ Plus’ brand products until 31 March 2022.
On 26 October 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth), to Volt Bank Limited (Volt Bank) deferring its reciprocal data sharing obligations for phase 2 products until 1 November 2021 and phase 3 products until 1 February 2022.
On 21 October 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) to Commonwealth Bank of Australia (CBA) from its obligations to share consumer data for its subsidiary brand, Bankwest, in respect of specified obsolete product lines.
On 21 October 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) to Citigroup Pty Ltd for all closed Virgin Money Australia Online Saver accounts it issued on behalf of Bank of Queensland Limited.
On 7 October 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth), to Judo Bank Pty Ltd (Judo Bank) deferring its phase 2 and phase 3 consumer data sharing obligations until 1 March 2023.
On 23 September 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) (the Act), to Beyond Bank Australia Ltd (Beyond Bank) deferring its reciprocal data sharing obligations for phase 2 products until 1 November 2021 and phase 3 products until 1 February 2022.
On 9 September 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth), to Beyond Bank Australia Ltd (Beyond Bank) deferring the commencement of its consumer data sharing obligations in relation to former customers of EECU Ltd (trading as Nexus Mutual) until 9 September 2022.
On 12 August 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) to Westpac Banking Corporation from its obligations to share consumer data in relation to the Bank SA 904 loan products issued by Westpac Banking Corporation under its BankSA brand.