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Australia: Entry into force of data sharing in amended Consumer Data Right rules

Policy overview

Description

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…

Scope

Policy Area
Design and testing standards
Policy Instrument
Interoperability requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority

Complete timeline of this policy change

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2020-12-22
adopted

On 22 December 2020, the Australian Competition and Consumer Commission (ACCC) amended the Consume…

2021-11-01
in force

On 1 November 2021, the data-sharing measures included in the amended Consumer Data Right rules, en…

Key regulatory dimensions

Regulated subjects

The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type Private organisation
Economic activity digital payment provider (incl. cryptocurrencies)
Category All

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.
consumer data (all forms): distribution (any form)

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.

consumer data (all forms): distribution (any form)