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Amazon ‘disrupts’ Google, Facebook as digital advertising spend to reach US$520 billion: report

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Cloudscene launches Cloud Pathfinder connectivity app

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Ericsson plans first fully automated ‘smart factory’ for US market

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China Mobile adopts Nokia AirScale mMIMO with transition to 5G

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Accenture acquires BCT Solutions to strengthen security offerings

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Be data-centric to secure the cloud: McAfee exec

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Qualcomm, ZTE demonstrate 5G-powered cloud gaming on smartphones

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Aruba deploys SD-WAN for City of Whittlesea

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APT10 telco attacks likened to GCHQ's Operation Socialist

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Apple retains lead as full 2018 smartwatch figures come in

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NSW Government backs Sydney trial of ‘green wall’ tech on motorways

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Huawei gear more vulnerable than that of rivals: claim

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Unbnd partners with NBA on basketball TV broadcasts

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Stone & Chalk, South Australian Govt partner to set up innovation hub in Adelaide

25 June 2019 in Strategy

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First impressions: Apple's public betas for iOS 13 and iPad are awesome, but don't install on primary devices yet

25 June 2019 in Home Tech

If you have a spare iPhone, iPad, Mac or Apple TV, and are keen to not only test out Apple's…

'You've got to give the people what they want'

25 June 2019 in Core Dump

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Amazon Australia primed and ready for longest Prime Day event worldwide from 15 July

25 June 2019 in Home Tech

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5G adoption drives mobile services market: report

25 June 2019 in Business Telecommunications

With more than 15 million 5G handset services in operation expected in the Australian market by the end of June…

Gaming hardware market in 1Q2019 dull due to inventory issues

25 June 2019 in Entertainment

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Wednesday, 12 September 2018 11:18

ACCC wants public input on Consumer Data Right rules

ACCC wants public input on Consumer Data Right rules Image courtesy of Stuart Miles at FreeDigitalPhotos.net

The Australian Compeition and Consumer Commission is seeking public submisssions on the Consumer Data Right compliance rules currently being developed, and which will allow consumers to require their bank to share their data with accredited service providers.

The consumer watchdog issued a notice on Wednesday seeking feedback from consumers, businesses and community organisations on the approach and positions it proposes to take in setting up the CDR rules.

As part of the consultation process, the ACCC plans to hold a number of stakeholder forums.

The CDR is a competition and consumer reform announced by the Australian Government in May 2018 and the ACCC has been given the lead role in rule-making, consumer education and enforcement.

“It is important to the success of the CDR regime that consumers, businesses and stakeholders have transparency over the ACCC’s approach in setting up these detailed rules,” ACCC commissioner Sarah Court said.

“The overarching principle the ACCC will take is to implement the Consumer Data Right in a way that provides benefits to consumers, without compromising data security,

“The CDR will be a major change in the way consumers can use their data and consulting the views of consumers and businesses is a top priority for the ACCC.”

Court said the current Rules Framework had a banking focus, because the banking sector was the first that would make the CDR available to consumers.

Other sectors would be brought into the CDR regime over time, and the government has announced energy and telecommunications should be the next sectors included.

“The ACCC will work toward developing frameworks tailored to specific industries as they are designated and added to the CDR regime,” Court said.


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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).