What the official record says
This Act is the Customer and Product Data Act . This Act comes into force on the day after Royal assent. The purpose of this Act is to establish a framework to— realise the value of certain data for the benefit of and society; and promote competition and innovation for the long-term benefit of customers; and facilitate secure, standardised, and efficient data services in certain sectors of the New Zealand economy. The purpose is to be achieved by— improving the ability of customers, and third parties they authorise, to access and use the data held about them by participants in those sectors; and improving access to data about products in those sectors; and requiring certain safeguards, controls, standards, and functionality in connection with those data services. This Act regulates data se