Exemption for AMP Bank Limited

On 10 June 2021, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) to AMP Bank Ltd deferring the commencement dates of its consumer data sharing obligations (all phases) and its direct-to-consumer obligations, for products held by a sole individual as trustee for a trust, until 1 November 2022. The ACCC granted the exemption in response to an application from AMP Bank Ltd.