Brilliant idea (if you can keep off this register)
So a quick scan of the bill under Chapter 5 Part 1 on Public Service Delivery gives me...
(8)The first condition is that the objective has as its purpose—
(a)the improvement or targeting of a public service provided to
individuals or households, or
(b)the facilitation of the provision of a benefit (whether or not financial) to
individuals or households.
(9)The second condition is that the objective has as its purpose the improvement
of the well-being of individuals or households.
(10)The reference in subsection (9) to the well-being of individuals or households
includes—
(a)their physical and mental health and emotional well-being,
(b)the contribution made by them to society, and
(c)their social and economic well-being.
Translating this from "NewSpeak", it probably means that when your profile is sold by our fictional character "Benny", the "dedicated" worker in the office with a partial crack habit (partial meaning that his wages do not allow him to partake in his hobby as often as he'd like), he now can peruse your data to establish your profile so see if he and his associates can liberate your "unwanted" items from your household (based on social and economic well-being and contribution made to society), combine that tasty piece of financial information with the physical/mental/emotional well-being would give, overall, an excellent list of prime properties in which to get their filthy scheming hands on and raid everything that isn't bolted down.
I may be over exaggerating but I haven't got to the part of the document about the proposed controls and trace-ability on the data, nor do I expect to.