Exemption for Bendigo and Adelaide Bank Limited

On 21 September 2022, the Australian Competition and Consumer Commission (ACCC) granted an exemption under section 56GD of the Competition and Consumer Act 2010 (Cth) to Bendigo and Adelaide Bank Limited (BAB) deferring its consumer data sharing obligations in relation to its Alliance Bank brand until 31 July 2023, its Rural Bank brand until 31 December 2023, and its Adelaide Bank brand until 31 December 2023 for new and refinanced brokered customers and until 31 December 2024 for existing brokered customers and white-labelled products. The ACCC also granted BAB a permanent exemption from its consumer data sharing obligations in relation to the Bendigo Bank brand for transactions that occurred in 2017. The ACCC granted the exemption in response to an application from BAB.

This exemption was partially revoked on 14 December 2023. Please refer to exemption for Bendigo and Adelaide Bank Limited dated 14 December 2023.