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Australia: ACCC releases Consumer Data Right draft rules

By  |  March 31, 2019

The Australian competition watchdog has released draft rules for the Consumer Data Right (CDR) and has invited consumers, businesses, and community organisations to send in their feedback by 10 May 10 so that the rules can take effect from July 1.

The federal government had promised in November 2017 that legislation for the CDR would be passed the following year. At that time, then Assistant Minister for Cities and Digital Transformation, Angus Taylor, said, “Government is pursuing the very simple idea that the customer should own their own data. It is a powerful idea and a very important one.

“Australians have been missing out because it’s too hard to switch to something better. You may be able to access your recent banking transactions, or compare this quarter’s energy bill to the last, but it sure isn’t quick or easy to work out if you can get a better deal elsewhere.”

Full Content: ACCC

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