Consumer data right

Data economy drives dynamic changes

ACCC Chair Rod Sims discussed the local and global issues in regulating the data economy in a speech delivered in Sydney today.

Mr Sims examined the difficulty regulators face in determining the competition impacts when dynamic data companies merge, consumer issues and how the ACCC is well placed to take enforcement action in relation to data issues.

“One of the key challenges with merger cases in digital markets is predicting the likelihood of future competition between the target and the acquirer,” Mr Sims said.

Consumers' right to their own data is on its way

The consumer data right (CDR), which will enable customers to safely share their data with trusted service providers is a fundamental competition and consumer reform, ACCC Chair Rod Sims said in a speech at the Consumer Policy Research Centre’s Consumer Data Conference in Melbourne today.

The ACCC will have the lead role in turning the concept of a consumer data right into a reality, including rule-making, consumer education and, eventually, enforcement.

“The consumer data right is essentially a data portability right,” Mr Sims said.