Type

Consumer data right exemption

Date

Trader

  • Name

    Heartland Bank Australia Limited

    ACN

    087 651 750

Summary

On 14 November 2024, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) (the Act) to Heartland Bank Australia Limited deferring its product reference data and consumer data sharing obligations with respect to its reverse mortgage product until 30 June 2027. The ACCC granted the exemption in response to an application from Heartland Bank Australia Limited.

The ACCC also revoked the exemption granted to Challenger Bank Limited (acquired by Heartland Group Holdings Limited and rebranded as Heartland Bank Australia Limited) on 10 August 2023 under section 56GD of the Act.