ACCC takes the first step toward the Consumer Data Right

23 Aug 2018

  • Data

Following the announcement of the national Consumer Data Right (CDR) last year and subsequent recommendations of the review into open banking in Australia the Australian Competition and Consumer Commission (ACCC) and Treasury have asked for consultation on a number of significant developments regarding the Consumer Data Right and its application in Open Banking.

In particular, the ACCC has announced the ‘Rules Framework’ will be released in the week commencing 10 September 2018. This framework will provide “an understanding of the structure and content of proposed rules that will underpin the implementation of Open Banking, including a phased approach to implementation.”

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