On 24 July 2023, the public consultation closes on the Ministry of Business, Innovation and Employment (MBIE) released Customer and Product Data Bill. 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.
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