Type

Consumer data right exemption

Date

Trader

  • Name

    National Australia Bank Limited

    ABN

    12 004 044 937

    ACN

    004 044 937

    Date

    14/12/2023

Summary

On 14 December 2023, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) to National Australia Bank Limited (NAB) deferring its consumer data sharing obligations until 26 February 2026, for Citi-branded mortgage and deposit accounts closed between 1 April 2022 and 25 February 2024 held by individuals, non-individuals and partnerships (including joint accounts). The ACCC granted the exemption in response to an application from NAB.