Dear <<First Name>>, 

We are writing to provide updates on the launch of the Register and Accreditation Application Platform (RAAP), and publication of Accreditation Guidelines and FAQs as we approach the launch of the Consumer Data Right ecosystem in July.

RAAP to enter production

The ACCC is pleased to announce the launch of the RAAP. The RAAP is the IT backbone of the Consumer Data Right ecosystem that is managed by the ACCC. Its two main functions are:

  • to manage the accreditation of ecosystem participants
  • to ensure data is only shared between and those participants.

Interested entities will now be able to apply for accreditation using the Consumer Data Right Participant Portal. The process for applying for accreditation is outlined below.

Process for applying for accreditation

Those wishing to participate in the Consumer Data Right to receive consumer data are required to be an accredited data recipient. Applications for accreditation must be made to the Data Recipient Accreditor (the ACCC).

How does an interested party become accredited?

Accreditation applicants are required to complete an electronic application form which will be available on the Consumer Data Right Participant Portal. Authorised-deposit taking institutions (ADIs) can apply for accreditation through the streamlined form.

Application forms can be accessed and lodged once you have created an account in the Consumer Data Right Participant Portal.

As part of the accreditation process the ACCC will assess prospective data recipients against the accreditation criteria, including whether prospective data recipients:

  • are fit and proper persons to handle consumer data
  • have in place the necessary measures to securely handle consumer data
  • are adequately insured
  • can handle any complaints which may arise as part of those activities.

How long will the application process take?

Applicants should anticipate that the accreditation process may take around three months from submission of a complete application.

The time taken to assess a completed application will vary depending on matters such as whether the applicant has all the required information available and the complexity of the applicant’s business model.

Accreditation guidelines

Further details about how to apply for accreditation are available in our Accreditation Guidelines. These guidelines are designed to assist data recipients with preparing their accreditation applications.

The accreditation guidelines also include supplementary guidelines relating to information security and insurance obligations.

The accreditation guidelines will be updated as the Consumer Data Right ecosystem evolves (for example, to include additional sectors) and are not intended to be exhaustive on all aspects of the accreditation application process. The guidelines should be read in conjunction with the Consumer Data Right Rules.

Process for on-boarding

Once accreditation is granted, an accredited data recipient will proceed through on‑boarding processes.

We are in the process of developing requirements for the technical on-boarding process, which will include testing against the Conformance Test Suite referred to in our last newsletter. We will provide more information on this in due course.

The Conformance Test Suite will be available from 1 September 2020.

Following successful on-boarding, accredited data recipients will be able to enter the Consumer Data Right ecosystem and be able to receive, with consumer consent, banking data from data holders.

Accreditation FAQs

On 25 May 2020, the ACCC published the Accreditation FAQs.

This document has been prepared to address some of the likely questions that may arise from data recipients relating to the accreditation process within the Consumer Data Right regime.

Please feel free to direct any further accreditation queries to ACCC‑CDR@accc.gov.au.

Kind regards,

Paul Franklin

Executive General Manager

Consumer Data Right Branch

Australian Competition and Consumer Commission (ACCC)