The Competition and Consumer (Consumer Data Right) Amendment Rules (No. 1) 2023 was registered on 21 July 2023 and is now available on the Federal Register of Legislation.
The Consumer Data Right expansion into the telecommunications sector is paused. A strategic assessment is planned towards the end of 2024 to inform future expansions and the implementation of action initiation.
Key Documents
Treasury released exposure draft amendments to the Consumer Data Right (CDR) rules and explanatory materials for consultation on 15 September 2022.
The exposure draft rules expand the CDR to telecommunications and support participation by business consumers.
Expanding the CDR to telecommunications is expected to drive more competition and allow consumers to better leverage their internet and mobile data when choosing products and bundle solutions that suit their needs. The combination of banking, energy and telecommunications data in the CDR will also generate cross‑sectoral use cases and enable development of new products and services.
The exposure draft rules also include measures to support business participation in the CDR by providing more choice over who business consumers can share their data with and for how long, as well as other operational enhancements.
The exposure draft rules that would expand the CDR to telecommunications are provided for in Schedule 5 of the exposure draft rules. The remaining amendments provide for operational enhancements to the Competition and Consumer (Consumer Data Right) Rules 2020.
Stakeholder forums
To assist with understanding the key changes in the exposure draft rules Treasury held a stakeholder forum on 28 September 2022 for each of the telecommunications sector amendments and the draft operational enhancements.