Consumer Data Right draft rules consultation

Overview

The ACCC has published draft rules for the Consumer Data Right (CDR) in the banking sector. The ACCC is seeking feedback from consumers, businesses and community organisations on the approach and positions of the draft rules, including the privacy aspects.

The CDR is a competition and consumer reform announced by the Australian Government in May 2018 which will allow consumers to require a company such as their bank to share their data with another accredited service provider such as a comparison site or a switching service in order to get more tailored, competitive services. The ACCC is working in a co-regulatory model with Data61 and the Office of the Australian Information Commissioner to implement the CDR and has responsibility for rule-making.

Your views will help to inform the continued development of the draft rules for the CDR. Feedback on privacy aspects of the draft rules provided during this consultation will inform a future Privacy Impact Assessment of the CDR rules.

The draft rules for the CDR is attached below.