Select committee hears possible problems of open data legislation
Submitters urge for New Zealand to follow the UK's lead, not Australia’s.
There are worries that, if done badly, open data legislation will make it harder to compete with the Big Four banks.
Kiwibank supports open banking but worries if it is done badly, it will make it tougher, not easier, for it to compete with the Big Four Australian-owned banks.
Commerce and Consumer Affairs Minister Andrew Bayly, who introduced the Consumer and Product Data Bill to Parliament earlier this year,
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