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Consumer data right

The Government will establish a consumer data right in New Zealand to give individuals and businesses greater choice and control over their data. This is done through the Customer and Product Data Bill, which is now before Parliament. The Bill will be rolled out to the banking and electricity sectors first. Consultation on how the Bill can apply to these sectors will follow later this year.

Review of December 2021 credit law changes

In 2022, the Minister of Commerce and Consumer Affairs commissioned an investigation into changes to credit laws introduced on 1 December 2021. This has led to further amendments to the Credit Contracts and Consumer Finance Regulations 2004 and the Responsible Lending Code. The first tranche of changes came into force on 7 July 2022, and the second tranche are in force on 4 May 2023.