Section 56BZA — Competition and Consumer Act 2010: 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).