Australia: Amendment of ACCC Consumer Data Right rules
Progress
Current status
in force
01 Nov 2021 in force
22 Dec 2020 adopted
Scope
Implementers
Australia
Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
consumer protection authority
Implementation Level
national
Timeline of events
Entry into force of data sharing in amended Consumer Data Right rules
On 1 November 2021, the data-sharing measures included in the amended Consumer Data Right rules, enter into force. The provisions improve the consumer experience, provide more flexibility for business model participants and require major banks to en…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
consumer protection authority
Introduced Amendment of Consumer Data Right rules
On 22 December 2020, the Australian Competition and Consumer Commission (ACCC) amended the Consumer Data Right rules. The amendment expands the types of consumers able to use the CDR including additional business customers. The provisions improve …
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
consumer protection authority