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New Zealand law explained for everyone

Customer and Product Data Act 2025

Administrative matters - Accreditation of requestors

118: When chief executive may suspend or cancel accreditation

You could also call this:

“When the boss can stop someone from asking for customer info”

The chief executive can suspend or cancel an accreditation in certain situations. You should know that suspension can be for a specific time or until a certain requirement is met.

Here are the situations when this can happen:

If you, as an accredited requestor, ask the chief executive in writing to suspend or cancel your accreditation.

If the chief executive thinks you no longer meet some of the requirements mentioned in section 112(2)(b) to (g) of the law.

If the chief executive believes you can’t carry out your duties, you no longer exist, or you’re having serious money problems as described in the Financial Markets Conduct Act 2013.

If the chief executive thinks you’ve seriously broken a rule of your accreditation or any other rule in this law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS721545.

Topics:
Money and consumer rights > Consumer protection Business > Industry rules Rights and equality > Privacy
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"You can ask a judge to check if decisions about letting you handle data are fair"

Part 5 Administrative matters
Accreditation of requestors

118When chief executive may suspend or cancel accreditation

  1. The chief executive may suspend (for a specified period or until a specified requirement is met) or cancel an accreditation if—

  2. the accredited requestor, by written notice, requests the chief executive to do so; or
    1. the chief executive is satisfied that any of the requirements referred to in section 112(2)(b) to (g) are no longer met in respect of the accredited requestor; or
      1. the chief executive is satisfied that the accredited requestor is incapacitated, has ceased to exist, or has become subject to an insolvency event within the meaning of section 6(4) of the Financial Markets Conduct Act 2013; or
        1. the chief executive is satisfied that the accredited requestor has materially contravened a term or condition of the accreditation or any other requirement imposed under this Act.