Accredited persons must act efficiently, honestly and fairly when initiating CDR actions etc.
A person contravenes this section if: (a) the person is an accredited person; and (b) the person’s accreditation authorises the person to initiate a type of CDR action; and (c) the person engages in conduct that includes: (i) proposing to a potential CDR consumer for a CDR action of that type that the person give a valid instruction under the consumer data rules for the performance of the CDR action; or (ii) giving a valid instruction under the consumer data rules for the performance of a CDR action of that type; and (d) the person fails to act efficiently, honestly and fairly in relation to a matter described in subparagraph (c)(i) or (ii). Note: For enforcement, see Part VI (including section 76 for an order for payment of a pecuniary penalty).
Sourced from the Federal Register of Legislation at 22 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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