Future Directions for the Consumer Data Right: Issues Paper

The Inquiry into Future Directions for the Consumer Data Right (the Inquiry) has released an Issues Paper for consultation. Background.

A key focus will be how the Consumer Data Right could be expanded beyond the current ‘read’ access to include ‘write’ access.

This could enable customers to direct third parties to apply for and manage products and services on their behalf – including, for Open Banking, by making payments and changing accounts – through application programming interfaces (APIs).

The Inquiry will consider potential benefits of, and barriers to, implementing write access, including regulatory compliance costs.

The Inquiry will focus on the future purpose, use and vision for the Consumer Data Right, rather than its current implementation or the sectors to which it should be next applied.

If you found this article helpful, then subscribe to our news emails to keep up to date and look at our video courses for in-depth training. Use the search box at the top right of this page or the categories list on the right hand side of this page to check for other articles on the same or related matters.

David Jacobson

Author: David Jacobson
Principal, Bright Corporate Law
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.

Print Friendly, PDF & Email

Your Compliance Support Plan

We understand you need a cost-effective way to keep up to date with regulatory changes. Talk to us about our fixed price plans.