The OAIC welcomes the Consumer Data Right
Statement from the acting Australian Information Commissioner and acting Privacy Commissioner, Angelene Falk:
“The Office of the Australian Information Commissioner (OAIC) welcomes the Government’s announcement that it will introduce a Consumer Data Right (CDR), which will be underpinned by strong privacy and information security protections. The introduction of a consumer data right is an important step in giving Australians greater control over their data.
The CDR will give Australians a safe way to direct data holders to share their data with accredited third parties, and will initially be implemented in the banking sector.
The OAIC will support strong privacy protections under the CDR and welcomes the funding of $12.9 million over the forward estimates to perform this role.
The OAIC looks forward to working closely with the ACCC, Data Standards Body and stakeholders to support the successful implementation of the CDR.”