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We provided a submission to Treasury's Implementation of an Economy-Wide Consumer Data Right - Strategic Assessment consultation on 3 September 2021. 

DSPANZ has been closely following the rollout of the Consumer Data Right (CDR) over the past few years and we have a keen interest in ensuring that this roll-out is smooth and supports our members, the Digital Service Providers (DSPs), who operate across current and future CDR sectors. 

Overall, our submission made the following recommendations for the Government:

  • The Government should pause and evaluate the roll-out of the Consumer Data Right and take time to resolve underlying issues. We would also like to see a post implementation review of Open Banking published no later than 31 December 2022.
  • The Government should be a driver for the CDR and in doing so, commit to their open data policies.
  • Once time has been taken to evaluate Open Banking, we would like to see the development of common frameworks and infrastructure that can be utilised by each designated sector moving forward.
  • Treasury should give focus to understanding where costs are incurred in the CDR system and what mechanisms would be appropriate for participants to cover these costs.
  • The Government should work closely with DSPANZ and DSPs to benefit from our experience in digital service delivery and to ensure a smooth roll-out process for future CDR sectors. 

A full copy of this submission can be accessed here

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