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Technology platform Square gets exemption from Australian data-portability rules

( June 10, 2025, 07:11 GMT | Official Statement) -- MLex Summary: Business technology platform Square AU was granted an exemption from data-portability obligations by the Australian competition regulator. In an exemption letter, the Australian Competition & Consumer Commission said it had granted the platform a partial exemption until June 10, 2030, under section 56GC of the 2010 Competition and Consumer Act for its product data and consumer data-sharing obligations in respect of its “Square Loans” product and “Square Hardware Instalments” product, provided certain financial thresholds are not exceeded.The exemption letter issued by the Australian Competition & Consumer Commission is attached:...

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