Commonwealth Consolidated Acts

COMPETITION AND CONSUMER ACT 2010 - SECT 56BS

  (1)   The Minister may make consumer data rules under subsection   56BA(1):

  (a)   without complying with paragraph   56BP(b) or (c); but

  (b)   after consulting the Commission and Information Commissioner;

if the Minister believes (whether or not that belief is reasonable) that it is necessary to do so in order to avoid a risk of serious harm to:

  (c)   the efficiency, integrity or stability of any aspect of the Australian economy; or

  (d)   the interests of consumers.

Note:   The Minister still needs to comply with paragraph   56BP(a).

  (2)   However, a failure to comply with paragraph   (1)(b) of this section does not invalidate consumer data rules made as described in subsection   (1).

Note:   Such rules may have a limited life (see section   56BT).