New Zealand: Opened consultation on Customer and Product Data Bill

On 22 June 2023, the Ministry of Business, Innovation and Employment (MBIE) opened the consultation on the Customer and Product Data Bill, seeking feedback on an exposure draft of the proposed legislation until 24 July 2023. The Bill aims to enable customers to securely access and exchange data pertaining to them, support innovation, enhance competition, and boost business productivity and efficiency. In particular, the draft Bill would require businesses to obtain consumer consent for collecting, processing, and transferring data and establish a system for consumers to opt-out. The introduction of the Consumer and Product Data Bill to Parliament is expected by the end of the year.