CDR

Consumer Data Right

ActiveOpen FinanceOceania

Australia's economy-wide data sharing framework started with Open Banking and is expanding to energy, telecommunications, and other sectors. Provides consumers with the right to share their data with accredited recipients. Use this page as a working reference when you compare banks, products, and regulatory timelines.

🌍
Jurisdiction
Australia
📅
Effective Date
2020
Jul 1, 2020
✅
Full Compliance
2022
Nov 1, 2022
🏛️
Regulator
ACCC

Overview

Australia's economy-wide data sharing framework started with Open Banking and is expanding to energy, telecommunications, and other sectors. Provides consumers with the right to share their data with accredited recipients.

Scope & Coverage

BankingEnergyTelecommunicationsInsurance

Key Requirements

1
Data holder and recipient accreditation
2
Consent management framework
3
Standardized data standards
4
Action initiation (write access)

Implementation Timeline

Jul 1, 2019
Reference data (fees, interest rates) available for 4 major banks
Jul 1, 2020
Data sharing of some account types for 4 major banks
Feb 1, 2021
CDR in force in banking, all account types, for 4 major banks
Jul 1, 2021
CDR in force in banking for all banks
Jan 1, 2022
CDR in force in energy sector
Jan 1, 2023
CDR expanded to telco sector

API Specifications

Technical standards and API specifications for implementing CDR:

Official Documents & Resources

Key Notes

Expanding to action initiation in banking. Energy and non-bank lending sectors being added.

Official Resources

Related Regulations

Other open banking frameworks in Oceania:

Need to comply with CDR?

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