Consumer data right (CDR)

Compliance guidance for data holders in the banking sector 3 May 2021

The Competition and Consumer Act 2010, CDR Rules and Standards impose a range of requirements that data holders, accredited data recipients and intermediaries need to comply with. This guide is designed to assist data holders to understand and comply with their obligations.

The focus of this guide is on the obligations arising under the Rules and Standards. The guide does not cover in any detail a data holder’s obligations under the Privacy Safeguards. Information about these obligations can be found in the Privacy Safeguard guidelines issued by the Australian Information Commissioner.

This guide contains general information only. It is not legal advice and is not a comprehensive or exhaustive statement of all the obligations data holders need to comply with under the CDR, or of all the potential consequences of non-compliance. Please see the Important Notice at the start of this guide.