Government News

Some of Australia’s largest banks removed cyber security talent from their respective consumer data right projects in anticipation of heightened cyber security threats during the coronavirus pandemic, the country’s competition regulator has revealed.

A new government inquiry looking at expanding the Consumer Data Right before the scheme had actually launched is “premature”, according to the…

CBA is hoping the Australian Taxation Office will allow individuals to consent to “one-off sharing” of their tax data when applying for…

The Commonwealth Bank is urging the government to consider allowing people to share personal data held by public agencies, saying it could…

The federal government has opened the door to relaxing merchant and buy-now pay-later access to everyday people’s bank accounts, confirming the highly…

The Morrison Government is continuing to give consumers more power over their own data by undertaking an inquiry to examine further ways in which the Consumer Data Right (CDR) can further support innovation and competition.

The Morrison government will consider letting non-banks initiate payments under its “open banking” regime, a move that could wrest control of a…

Consumer groups have hit back at suggestions the open banking regime is too tough on fintechs, saying start-ups may be trying to use…

Fintech companies wanting to use the open banking regime face costs of up to $100,000 to get accredited by the competition regulator…

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…