What is the Consumer Data Right?

On this page

  • Overview of the Consumer Data Right system
  • Who can use the system

The Consumer Data Right (CDR) gives you greater choice and control over the data businesses have about you.

It enables you to transfer your data to another business to find products and services tailored to your needs, saving you time and money. For example, it could help you monitor your finances, utilities and other services, or compare and switch between different products and services.

The Consumer Data Right was introduced in the banking sector in July 2020 and will be rolled out across other sectors of the economy.

Strict controls have been built into the system and will be enforced by the OAIC and the Australian Competition and Consumer Commission (ACCC).

Only a business that has been accredited by the ACCC can provide services under the Consumer Data Right. These businesses are referred to as ‘accredited data recipients’.

They must comply with privacy safeguards and rules that ensure your privacy is protected and your data is transferred and managed securely. 

The Consumer Data Right is an opt-in system. You have the choice to authorise a business to access your data and you can withdraw your consent at any time. You also control what data is transferred, what it can be used for and who it can be disclosed to. You can ask for your data to be deleted if it is no longer needed.

The Consumer Data Right is available to consumers who are 18 or older. Small, medium and large businesses can also use the Consumer Data Right, for example, to manage their bills or for bookkeeping and accounting.

Learn more on the Consumer Data Right website.