Consumer Data Right - Rules Framework consultation

Overview

The ACCC is seeking feedback from consumers, businesses and community organisations on the approach and positions the ACCC proposes to take in establishing rules for the Consumer Data Right (CDR).

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 in order to get more tailored, competitive services. The ACCC has been delegated the lead role in rule-making, consumer education and enforcement.

The current Rules Framework has a banking focus, owing to the banking sector being the first designated sector. However, other sectors will be brought within the CDR regime over time. The Government has announced energy and telecommunications should be the next sectors included.

More information is available in the Consumer Data Right Rules Framework attached below.