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Data

CBA pays record $792,000 fine for consumer data right breach

The Commonwealth Bank has paid a record $792,000 fine under Australia’s Consumer Data Right (CDR) scheme for failing to enable data sharing on a small number of business accounts....

Banks, proptechs trial digital ID for rental applications

24 October 2025 | by Justin Hendry

Twelve companies will take part in a federal government trial testing how digital identity and open banking platforms can reduce excessive personal information sharing in rental property applications. Local...

Labor’s CDR retreat will cost consumers

9 October 2025 | by Aaron Violi

“By unlocking the value of a consumer’s data, the Consumer Data Right (CDR) has the potential to be a transformational piece of economic reform for Australian consumers, delivering more...

Digital ID, CDR and AI in the audit office’s crosshairs

16 July 2025 | by Denham Sadler

The national audit office is mulling investigations into the Consumer Data Right, the digital identity scheme and the federal government’s oversight of new technologies, but an inquiry into the...

NAB hit with record fine for consumer data right breach

19 June 2025 | by Justin Hendry

National Australia Bank has been slapped with the country’s largest ever fine under the consumer data sharing regime for failing to disclose credit limit information on four occasions. The...

Energy innovators gain consumer data right carve out

12 November 2024 | by Brandon How

Tweaks to consumer data right rules effective from Tuesday will allow energy companies to shield their trial products for two years from the scheme’s data sharing obligations in a...

‘Languishing’ CDR bill passes Parliament

15 August 2024 | by Brandon How

After “languishing” in Parliament for close to two years, legislation to expand the consumer data right to action initiation has passed, despite concerns about the broader scheme. The Treasury...

Consumer data right ‘reset’ to reduce compliance costs, lift uptake

9 August 2024 | by Justin Hendry

Australia’s consumer data sharing regime will be simplified in a bid to reduce compliance costs for banks and energy providers while lifting uptake among consumers, under a series of...

Golden opportunity for consumer data rights hangs in the balance

30 July 2024 | by Barry Thomas and James Bligh

The consumer data right stands as one of Australia’s most innovative policy initiatives in recent years. Designed to give consumers control over their data and foster competition, the CDR...

FinTechs call for clear way forward on CDR as bill stalls

2 July 2024 | by Brandon How

Local FinTechs have called for greater clarity on the future of the Consumer Data Right, including key reforms to the scheme that have languished before federal Parliament for more...

Tag: CDR

CBA pays record $792,000 fine for consumer data right breach

Banks, proptechs trial digital ID for rental applications

Labor’s CDR retreat will cost consumers

Digital ID, CDR and AI in the audit office’s crosshairs

NAB hit with record fine for consumer data right breach

Energy innovators gain consumer data right carve out

‘Languishing’ CDR bill passes Parliament

FinTechs call for clear way forward on CDR as bill stalls

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Tag: CDR