Compensation
In effect from 1 July 2025
The TIO expects providers to approach claims for compensation in a fair way.
There are many issues people may make compensation claims about. For example, where consumers:
- lose use of their services
- feel they have been treated poorly or their time disrespected
- providers share their private information
- experience business loss.
Good industry practice also encourages providers to make it easy for consumers to make a compensation claim and receive a timely response.
The TIO’s Good Industry Practice Guide on Compensation covers:
- Taking steps to minimise and avoid service disruption
- Following policies and industry rules with due care
- Customer service and support
- Non-financial loss caused by privacy breaches
- Other non-financial loss (not caused by privacy breaches)
- Financial loss for individuals
- Financial loss for businesses
- Mass disruptions to services and outages.