On 14 February 2022, the Australian Government announced a statutory review on the operation of the Consumer Data Right (CDR).
The review was initiated under section 56GH of the Competition and Consumer Act 2010 and explored the extent to which implementation of the CDR statutory framework supported the core policy objectives of driving value for consumers, increasing competition within designated sectors, and driving innovation across the data services sector.
The review focused on implementation of Open Banking and the introduction of rules to cover the energy sector from late 2022 and considered other relevant CDR developments, such as the Government response to the final report of the Inquiry into Future Directions for the Consumer Data Right, the Consumer Data Right Strategic Assessment, and international developments.
Ms Elizabeth Kelly PSM, a former longstanding senior public servant, was engaged to lead the review. Ms Kelly was supported by a small secretariat at Treasury.
The review included a public consultation process that invited submissions on issues raised in the Terms of Reference.
Questions regarding the review can be emailed to CDRStatutoryReview@treasury.gov.au
Media enquiries can be directed to email@example.com or +61 2 6263 2300.