Coronavirus (COVID-19) updates from the Australian Government

Consumer Data Right: Telecommunications sectoral assessment

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The Treasury
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In November 2017, the Australian Government announced the introduction of the Consumer Data Right (CDR); it currently applies to the banking and energy sectors. In May 2021, the Prime Minister, the Treasurer, and the Minister for Superannuation, Financial Services and the Digital Economy announced that Treasury would conduct a sectoral assessment to consider whether to extend the CDR to the telecommunications sector.

Part IVD of the Competition and Consumer Act 2010 requires the Secretary of the Treasury Department to prepare a report and for the Minister to consider a range of factors before making a designation instrument for the sector.

On 23 November, the Government announced the release of Treasury’s final sectoral assessment report which recommends telecommunications be the third sector designated for the CDR. It is recommended a designation includes generic and publicly available product data, product data that relates to particular products used by consumers, and basic consumer and account data such as data available to consumers on their bills or through online accounts or mobile apps.

The Government also released a draft designation instrument covering the scope of datasets and data holders proposed to be designated in the sector, and is now consulting on the instrument, before a final designation instrument is made.