Commonwealth Consolidated Acts

COMPETITION AND CONSUMER ACT 2010 - SECT 56BP

    Before making consumer data rules under subsection   56BA(1), the Minister must:

  (a)   consider the kinds of matters referred to in paragraphs 56AD(1)(a) and (b) in relation to the making of the rules; and

  (aa)   consider the following kinds of matters in relation to making a rule described in subsection   56BGA(2) (about fees at the instruction layer) for a type of CDR action:

  (i)   whether performers of actions of that type currently charge fees for processing instructions to perform such actions;

  (ii)   whether the incentive to perform actions of that type would be reduced if fees could not be charged for processing such instructions;

  (iii)   the marginal cost of processing such instructions in accordance with the consumer data rules; and

  (b)   be satisfied that the Secretary of the Department has complied with section   56BQ in relation to the making of the rules; and

  (c)   wait at least 60 days after the day public consultation begins under paragraph   56BQ(b) about the making of the rules.