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Consumer Data Right (Non-Bank Lenders) Designation 2022
In force
Administered by
Department of the Treasury
This item is authorised by the following title:
Competition and Consumer Act 2010
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F2022L01522
25 November 2022
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Executive summary
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Designating a sector under the CDR
The Consumer Data Right
The CDR sectoral designation process
Effect of designation
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Non-bank lending sectoral assessment
Open Finance
Consultation
Overview of stakeholder views
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Impact of designating non-bank lending data for individual and business consumers
Benefits of designation
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Approach to designation
Recommended datasets
Data not recommended for designation
Intellectual property
Defining data holders
Application of a de minimis threshold
Securitisation models and special purpose funding entities
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Privacy and confidentiality
Impact of non-bank lending designation on privacy and confidentiality
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Regulatory impact assessment
Estimate of regulatory impact
Other regulatory costs
The public interest
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Matters recommended for consideration relating to the CDR rules
Eligible CDR consumers
Phasing of data sharing obligations
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Glossary
Attachment A to the Consumer data right: Non bank lending sectoral assessment Final report Privacy Impact Assessment
Consultation Process
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Introduction: Expansion to Open Finance
The process for assessing and designating sectors and datasets
The effect of designation
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Non bank lending in Australia
Non bank lending products
Potential to improve individual and small business outcomes
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What non bank lending data should be included in the designation?
Intellectual property
What data holders might be suitable for designation?
Privacy and regulatory burden considerations
Privacy and confidentiality
Regulatory impact
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Examples of rules considerations
Eligible customers
Phasing of data sharing obligations
Glossary