Industry

Consumer Data Right draft rules out

The ACCC today published the draft rules for the Consumer Data Right (CDR) and is seeking feedback from consumers, businesses and community organisations.

The CDR will allow consumers to easily obtain access to their banking data and have it transferred to service providers who they trust.

This might, for example, be comparator or switching services, or providers of financial or budgeting advice. While commencing in the banking sector, it will eventually apply across a range of sectors.

Final report

On 29 March 2019, the ACCC concluded its inquiry into the review of the declaration for the Domestic Transmission Capacity Service (DTCS) and released a final report on the findings of its inquiry.

Unsafe goods should be illegal to sell

There should be a law in Australia prohibiting the sale of unsafe goods, ACCC Chair Rod Sims told the National Consumer Congress in Melbourne today.

Using new data the ACCC estimates the annual cost of injury and death caused by unsafe consumer products is at least $5 billion and could be much more.

Excluding motor vehicle accidents, there are around 780 deaths and around 52,000 injuries per year from consumer products that many Australians have in their homes.

Airport monitoring report 2017-18

Results of the ACCC's price, financial reporting and quality of service monitoring for aeronautical services and car parking for monitored airports for the 2017–18 financial year.