ACCC: New Year Update, new standalone CDR Division, New Executive General Manager

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Source: https://mailchi.mp/accc.gov.au/consumer-data-right-2020-a-new-year-update?e=323bf32234

Originally published 10 January 2020

CDR welcomes new Executive General Manager, Paul Franklin
In recognition of the high priority and complexity of CDR, the ACCC has decided the time is right to create a standalone CDR Division.

We are very pleased to announce that Paul Franklin, who will work full time on CDR delivery, has been recruited to head up the new Division. We would like to extend a very warm welcome to Paul, who started with us on 6 January.

Paul has over 20 years’ experience in the banking industry. Most recently Paul worked with the National Australia Bank (NAB) where he led the Payments product team, and before that with the Commonwealth Bank of Australia (CBA) and Westpac Banking Corporation (Westpac). Paul has been heavily involved in the digital transformation of payments, including the development of Australia’s New Payments Platform.

With Paul’s appointment, Scott Gregson will transition away from CDR activities. Commissioner Court’s role and the rest of CDR team remains unchanged.

Update to CDR testing and assurance program
Following the update to the CDR implementation timeline in December, the ACCC is working on revisions to the draft Rules to reflect the timetable changes. The ACCC will publish the CDR Rules, which are subject to Ministerial consent, and a revised CDR test and assurance schedule, that align with the new July launch date, as soon as possible.

The ACCC build of the Register and Accreditation Application Platform is well progressed. The platform is being actively tested with the big four banks and initial data recipients and relevant security assessments are also being undertaken.

We will continue to engage closely with our test participants as we move through the next few months in readiness for ‘go live’.

Consultation open – how to best facilitate the participation of third party service providers
The ACCC released a consultation paper on 23 December seeking views from interested parties on how best to permit the use of intermediaries and the disclosure of CDR data to non-accredited third parties.

Parties may email submissions and comments to ACCC-CDR@accc.gov.au by 3 February 2020.

A warm welcome to 2020
Last but not least, the CDR team hope that you had an enjoyable and safe holiday season. Our thoughts are particularly with those affected by the bushfires.

We look forward to building on the progress we made together in 2019 as we work towards key milestones in the implementation of the CDR in 2020.

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