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.
Note: Expanding to action initiation in banking. Energy and non-bank lending sectors being added.
Jurisdiction
Scope & Coverage
This regulation covers the following areas and services:
Key Requirements
Timeline
Official Resources
Related Regulations
Other Oceania regulations you might be interested in:
FIDA
European Union
FIDA extends open banking principles beyond payment accounts to a wider range of financial products ...
Smart Data Schemes
United Kingdom
The UK's Smart Data initiative extends open banking principles to other sectors including pensions, ...
Open Finance Brasil
Brazil
One of the world's most ambitious Open Finance implementations, covering banking, insurance, pension...
Need to integrate with Open Banking APIs?
Explore our directory of API aggregators and TPPs to accelerate your compliance.