Consumer Data Right – Sectoral Assessment for Non-Bank Lending – Final Report

Consumer Data Right
Publication type


The Consumer Data Right (CDR) currently applies to the banking, energy and telecommunication sectors. On 24 January 2022, Treasury released its Strategic Assessment Outcomes report identifying the non‑bank lending sector, merchant‑acquiring services and key datasets in the general insurance and superannuation sectors as the next priority areas to expand the CDR – collectively known as ‘Open Finance’. Treasury is progressively assessing each sub‑sector for inclusion within the CDR starting with the non‑bank lending 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 19 August 2022, the Government announced the release of Treasury’s final sectoral assessment report which recommends the designation of the non‑bank lending sector for the CDR. It is recommended designating generic and publicly available information about non‑bank lending products, information about a CDR customer (such as contact information) and information about the use of a non‑bank lending product.

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.