Australia’s CDR Status – September update

Australia’s CDR Status – September update

This article is a collaboration between Quill Peak, FDATA and Robin Scarborough - all of us keenly interested in the success of the CDR in Australia. At the beginning of July 2021 open banking went live in Australia and all ADIs were supposed to be able to share data...
Australia’s Consumer Data Right: One year in

Australia’s Consumer Data Right: One year in

This article is a collaboration between Quill Peak, FDATA and Robin Scarborough – all of us keenly interested in the success of the CDR in Australia. All banks now need to comply with CDR 1 July 2021 marks a milestone in Australia’s journey to a digital economy....
CDR Rules Amendment 3 published

CDR Rules Amendment 3 published

Just in time for Christmas, the ACCC have released Amendment No. 3 of the CDR Rules. This amendment gives effect to the majority of the proposals that were consulted on back in October (see my article here). The amendment runs to 57 pages, the text of which can be...
ACCC consultation submission themes

ACCC consultation submission themes

Following the closing of the consultation period for ACCC CDR Amendment No. 3, the ACCC have now published the 52 submissions received. The consultation paper contained more than 20 proposals for change including new restricted accreditation classes, ADR to ADR data...
CDR Rules Amendment No. 3

CDR Rules Amendment No. 3

The ACCC has just published a new consultation paper for the third amendment to the CDR Rules. This is a weighty tome (which you can download here) running to over 50 pages and introducing more than 20 significant change proposals. They have also released a proposed...
Open Banking Payment initiation – completing the vision.

Open Banking Payment initiation – completing the vision.

The current Inquiry into Future Directions for the Consumer Data Right chaired by Scott Farrell is exploring a wide range of issues relating to the next steps in the Consumer Data Right evolution. Key amongst the terms of reference is consideration of extending the...