Options for establishing a consumer data right in New Zealand

closed
Submissions closed: 19 October 2020, 10am

The Ministry of Business, Innovation and Employment is seeking feedback on a discussion document titled Options for establishing a consumer data right in New Zealand.

Feedback will help determine if New Zealand needs a consumer data right and how any such consumer data right should be designed.

A consumer data right would give individuals and businesses greater choice and control over the data held about them by businesses such as banks or utility providers. It also allows individuals and businesses to securely share data held about them with a trusted third party. For example, third party apps can make it easier for consumers to compare products across multiple providers, seamlessly change suppliers, manage their finances across multiple providers or save and invest.

A consumer data right could provide significant benefits for consumer welfare and economic development. It could give individuals and businesses access to a wider range of products and services, reduce search and switch costs, facilitate competition, encourage innovation, increase productivity and help build the digital economy. It could also strengthen existing privacy protections by giving consumers greater choice and control of their data.

We would like to hear your thoughts on whether New Zealand needs a consumer data right and how it should be designed.

Submissions close at 10am on Monday 19 October 2020.

If you have any questions please contact consumerdataright@mbie.govt.nz.

Last updated: 09 October 2020