Australian Government

Federal Register of Legislation

Competition and Consumer (Consumer Data Right) Rules 2020

In force

Administered by

Department of the Treasury

This item is authorised by the following title:

Competition and Consumer Act 2010

Superseded version

View latest version

F2020L00094

05 February 2020 - 18 June 2020

Table of contents

An ADI that becomes accredited (accredited ADI) will have data sharing obligations that commence earlier than the default for non-major banks.
An ADI that is not accredited, and is not one of the four major banks nor a restricted ADI, may elect to be treated as a voluntarily participating ADI. An ADI can elect to voluntarily participate in the CDR early by notifying the Accreditation Registrar in writing.
An ADI that is not a major four bank, and does not elect to participate early or become accredited, is subject to the obligations that apply to any other relevant ADI. Foreign ADIs, foreign branches of domestic ADIs, and restricted ADIs are exempted from this.
An accredited non-ADI is a reciprocal data holder for the purpose of the rules.
Division 6.2 – Staged application of rules