Finalised CDR accreditation guidelines
The ACCC has released finalised guidelines on the CDR accreditation process, and supplementary guidelines on the insurance and information security requirements of accreditation.
Banking & finance
CDR accreditation FAQs
The ACCC has compiled a series of frequently asked questions and answers (FAQs) about becoming accredited to participate in the CDR ecosystem.
CDR compliance and enforcement policy
The ACCC and the Office of the Australian Information Commissioner (OAIC) have published their joint Compliance and Enforcement policy for the Consumer Data Right.
Reporting forms (Rule 9.4)
The ACCC has approved the forms for data holder and accredited data recipient (ADR) reporting for the purposes of rule 9.4 of the Competition and Consumer (Consumer Data Right) Rules 2020 (Cth).
Maintaining profitability important in big banks’ interest rate cut decisions
Maintaining profits was a major consideration for the big four banks as they weighed whether to reduce mortgage rates in line with Reserve Bank of Australia cash rate cuts during 2019, the ACCC has found.
ACCC consultation on proposed amendments to the Competition and Consumer (CDR) Rules 2020
The ACCC is seeking views on a confined set of proposed amendments to the Competition and Consumer (Consumer Data Right) Rules (2020) (Rules).
CDR guidance for applicants seeking exemption under section 56GD
The ACCC has released guidelines for applicants seeking exemption under section 56GD of the Competition and Consumer Act 2010 (Cth).
CDR interagency FAQs
The ACCC has compiled a series of frequently asked questions and answers (FAQs) about consumer data right (CDR). These FAQs provide guidance to government, industry and consumers. The FAQs may be amended from time to time to address new developments as CDR is implemented in banking.
Commencement of CDR Rules
Following the Treasurer’s consent, the Competition and Consumer (Consumer Data Right) Rules 2020 (the Rules) commenced on 6 February 2020. This is a key development in progressing the Consumer Data Right (CDR).
The Rules set the foundational framework for how the CDR operates in the banking sector. Under the Rules, the four major banks are required to share product reference data in a standardised format, facilitating better product comparisons.
ACCC consultation on proposed timetable for participation of non-major ADIs in the CDR
The ACCC is seeking views from industry on our proposed revised timetable for the commencement of consumer data sharing by the non-major Authorised Deposit-taking Institutions (ADIs) under the Consumer Data Right (CDR) regime.