CDR Archives

Data

Energy innovators gain consumer data right carve out

Tweaks to consumer data right rules effective from Tuesday will allow energy companies to shield their trial products for two years from the scheme’s data sharing obligations in a...

‘Languishing’ CDR bill passes Parliament

15 August 2024 | by Brandon How

After “languishing” in Parliament for close to two years, legislation to expand the consumer data right to action initiation has passed, despite concerns about the broader scheme. The Treasury...

Consumer data right ‘reset’ to reduce compliance costs, lift uptake

9 August 2024 | by Justin Hendry

Australia’s consumer data sharing regime will be simplified in a bid to reduce compliance costs for banks and energy providers while lifting uptake among consumers, under a series of...

Golden opportunity for consumer data rights hangs in the balance

30 July 2024 | by Barry Thomas and James Bligh

The consumer data right stands as one of Australia’s most innovative policy initiatives in recent years. Designed to give consumers control over their data and foster competition, the CDR...

FinTechs call for clear way forward on CDR as bill stalls

2 July 2024 | by Brandon How

Local FinTechs have called for greater clarity on the future of the Consumer Data Right, including key reforms to the scheme that have languished before federal Parliament for more...

CDR fines hit limits of foreign firms

2 April 2024 | by Joseph Brookes

Global banking giant HSBC has avoided a hefty fine despite allegedly sending inaccurate and incomplete data through Australia’s budding economy-wide data sharing scheme. The bank paid penalties of $33,000...

Heavy lifting needed on data sharing, but not by banks

30 March 2024 | by Sandy Plunkett

Here’s a philosophical question for the times: If a national economy-wide digital economy platform initiative is suffering a slow, tortured death – and no one notices – should it...

Australia’s CDR-enabled digital economy has been strangled

23 February 2024 | by Sandy Plunkett

Remember the optimism around the Open Banking revolution and Australia’s new digital data economy opportunity a few years back? It was enthusiastic but fleeting, having bubbled-up somewhere after the...

‘The world has moved on’: Screen scraping regulation looms

31 August 2023 | by Justin Hendry

Assistant Treasurer Stephen Jones cannot see a “big future” for fintechs and other businesses that continue to rely on screen scraping, declaring that the “world has moved on” as...

Stronger enforcement on CDR data incoming: ACCC

6 April 2023 | by Brandon How

Australia’s competition watchdog is set to increase enforcement activities against banks that feed poor data into the Consumer Data Right following consultation with data recipients. In particular, “significant shortcomings”...

Tag: CDR

Energy innovators gain consumer data right carve out

‘Languishing’ CDR bill passes Parliament

FinTechs call for clear way forward on CDR as bill stalls

CDR fines hit limits of foreign firms

Australia’s CDR-enabled digital economy has been strangled

‘The world has moved on’: Screen scraping regulation looms

Stronger enforcement on CDR data incoming: ACCC

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Tag: CDR