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ARTICLE · 20 FEBRUARY 2020

What is next for Consumer Data Right (CDR) in Australia?

Corrs Chambers Westgarth
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The article sets out a high-level update of where we're at with the CDR, an overview of the Rules and what's coming next.

AustraliaConsumer Protection
Philip Catania
Philip Catania
Arvind Dixit
Arvind Dixit
James North
James North
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After a lengthy period of consultation and revision, the Australian Competition and Consumer Commission (ACCC) has issued the Competition and Consumer (Consumer Data Right) Rules (Rules), which came into effect on 6 February 2020.

The Rules set out details of how the consumer data right works, in particular the timeline for implementation and the framework for how individuals can request their consumer data and relevant product data. The Rules are intended to apply across all sectors in which the Consumer Data Right (CDR) will be activated in the future, with specific details for each sector to be set out in schedules (the Rules currently only contain specific details for open banking, in Schedule 3).

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