24 May 2018

Consumer Data Right

The Treasurer has announced appointment of the Independent chair of the Consumer Data Right’s Data Standards Body
The Turnbull Government is continuing to progress our establishment of the Consumer Data Right, beginning with the Open Banking regime, which will provide Australians with more choice and better deals in the financial sector. 
Mr Andrew Stevens has been selected as the interim Chair of the Data Standards Body for the Consumer Data Right. 
The Consumer Data Right, starting in the banking sector with Open Banking, will give consumers greater control over the data that businesses hold on them. 
The Data Standards Body, established within the CSIRO’s Data61, is facilitating the development of data sharing standards that provide consumers with safe, convenient, and timely methods of accessing and transferring their data to trusted and accredited data recipients. 
The Independent Chair will ensure the standards maximise the benefits for consumers and are developed in consultation with technology firms, and consumer and privacy groups.
CSIRO’s Data61 has been appointed
to perform the role of a Data Standards Body for the Federal Government’s Consumer Data Right, which will give Australians greater control over their own data, including who receives it and how it is used, and open up competition across industry sectors.