NZ to set up a consumer data right framework

Consumers should be in the driver's seat when it comes to data, David Clark says. (Image: Supplied)

Tue, 06 Jul 2021

The government has agreed to establish a consumer data right framework for New Zealand and wants to have policy decisions wrapped up this year, commerce and consumer affairs minister David Clark said.A consumer data right is a mechanism that requires data holders, such as banks and electricity retailers, to safely and securely share data with third parties, such as fintech companies, following consent from the customer.Following a recent consultation on options for a consumer data right, the government is now in the process of building a regula...

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