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

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 reforms proposed by the federal government.

The proposed changes confirm that the expansion of the consumer data right (CDR) will resume from mid-2026, with non-bank lenders the first new sector to be brought into the scheme.

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