Coronavirus (COVID-19) updates from the Australian Government

Consumer Data Right rules amendments (version 3)

The version 3 rules amending instrument was registered on 5 October 2021 and is now available on Federal Register of Legislation: Competition and Consumer (Consumer Data Right) Amendment Rules (No. 1) 2021.

This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Exposure Draft

Key Documents

Treasury has released exposure draft amendments to the Consumer Data Right rules and explanatory materials for consultation (version 3 of the rules).

The exposure draft amendments include changes to the CDR Rules to accelerate the benefits of the CDR for consumers by reducing barriers to participate in open banking and by allowing more Australians to leverage their data in common banking scenarios. They will support growth of the CDR ecosystem and increase participation in the CDR by data recipients and consumers by:

  • Introducing a sponsored tier of accreditation and a CDR representative model
  • Allowing consumers to share their data with trusted professional advisers
  • Allowing participants to share CDR insights with consumer consent for specific purposes
  • Creating a single consent data sharing model for joint accounts.

Submissions

53 submissions were received for this consultation, including 6 confidential submissions.

Adatree - pdf 175.21 KB
AGL Energy - pdf 117.95 KB
Alinta Energy - pdf 102.37 KB
American Express - pdf 153.69 KB
AssuranceLab - docx 63.47 KB
Astero - pdf 68.15 KB
Australian Finance Group - pdf 202.02 KB
Basiq - pdf 142.8 KB
Biza - pdf 134.2 KB
Commonwealth Bank Group - pdf 200.66 KB
Cuscal - pdf 167.16 KB
Energy Australia - pdf 177.56 KB
FDATA - pdf 589.35 KB
Fintech Australia - pdf 142.1 KB
Frollo - docx 16.81 KB
Illion - pdf 197.55 KB
Intuit - pdf 104.34 KB
Loan Market Group - pdf 90.49 KB
Mastercard - pdf 246.39 KB
MYOB - pdf 1.27 MB
NAB - pdf 4.03 MB
OAIC - docx 267.73 KB
Origin Energy - pdf 152.84 KB
Payable - pdf 535.9 KB
Quantium - pdf 94.87 KB
Regional Bank Australia - pdf 574.25 KB
RSM Australia - pdf 184.95 KB
Salestrekker - pdf 110.64 KB
SISS Data Services - pdf 324.36 KB
TrueLayer - pdf 210.31 KB
Visa - pdf 210.8 KB
WeMoney - pdf 196.35 KB