Article by Rohan Pearce, Computerworld. 26th August 2019.
The Australian Competition and Consumer Commission (ACCC) is seeking parties to participate in early testing of the new data-sharing system, the Consumer Data Right (CDR).
The government earlier this month legislated the CDR, which will allow an individual to request that an institution holding certain data about their use of its services make it available to a third party. The CDR will be progressively rolled out to a range of industries, beginning with banking (Australia’s implementation of open banking), as well as telecommunications and energy.
The government says the CDR is intended to make it easier for an individual to shift to a new service provider or employ a data-driven third-party system that can offer insights into their spending.
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