The Consumer Data Right (CDR) is an economy-wide reform that puts your data back in your hands. It means you can share your confidential data securely, with the businesses you choose, for use as you choose. It makes it easier for you to:
- compare products and services,
- access better value and improved services, and
- manage your finances and cash flow.
It enables consumers to share their data with accredited providers via a simple, secure and easy to use automated process.
CDR will first apply to the banking sector, however, will apply to utilities sectors in the future.
CDR provides a range of rules and safeguards to ensure your data is protected.