Consumer Data Right (CDR) | Practical Law

Consumer Data Right (CDR) | Practical Law

Consumer Data Right (CDR)

Consumer Data Right (CDR)

Practical Law ANZ Glossary w-026-4833 (Approx. 3 pages)

Glossary

Consumer Data Right (CDR)

The Consumer Data Right (CDR) provides, among other things, consumers (which may include both individuals and businesses) with a right to effectively and efficiently access specified data held about them by businesses and direct the transfer of that data to other accredited data recipients as prescribed by the Competition and Consumer (Consumer Data Right) Rules 2020 (Cth).
The CDR aims to:
  • Help consumers monitor finances, utilities and other services.
  • Provide ease in comparing and switching between different offerings.
  • Encourage innovation and competition among service providers.
The Australian Competition and Consumer Commission (ACCC), the Office of the Australian Information Commissioner (OAIC) and the Data Standards Body (DSB) work together in the development and implementation of the CDR.
For a note that provides an overview of the legal framework for the CDR regime, see Practice note, The Consumer Data Right.