If you choose to use Consumer Data Right, your information is transferred using secure automated data technology. The process has been designed to give you greater choice and control through the convenience of a simple, easy-to-use process.

CDR is an economy-wide reform that will be rolled out sector by sector. As it grows, it will become more powerful for Australian households and businesses. The Consumer Data Right has already been rolled out to banking, with the energy sector to follow next and telecommunications to follow as the third sector.

Opt-in service

The Consumer Data Right is an opt-in service, giving you the choice about whether to share your data, with full visibility of who it’s being shared with and the purpose for sharing it.

The CDR can make it easier for you to:

  • compare products and services
  • access better value and improved services
  • assist financial and cashflow management.

And that’s just the beginning! The CDR will grow over time as it applies to more sectors and more providers become accredited. As it grows, it will become more powerful for individuals and small businesses.

Who’s involved in Consumer Data Right?

The data transfer is done between the providers, but the Australian Government has designed and oversees the system to ensure it is safe and secure for consumers. Providers must go through a rigorous process to become accredited to provide Consumer Data Right services to you. The Australian Competition and Consumer Commission (ACCC) manages this process. 

More about the Consumer Data Right regulators

If you’re a provider interested in offering services under Consumer Data Right or you need to register as a data holder, visit our For providers section.

Introduced in banking first

Consumer Data Right has been introduced in banking. This means you can choose to share your existing banking data (for example, your transaction history, interest rate and account balances) with a prospective bank or Consumer Data Right-accredited finance-related app or website.

Vinnie’s story shows you how Consumer Data Right can be used to get a mortgage quickly and easily. This is just one example of how Consumer Data Right will benefit consumers.

Energy sector next

Consumer Data Right will be introduced in the energy sector next. This will allow you to transfer data from your existing energy provider to a prospective provider or product comparison website for an accurate quote.

Benefits for individuals and small businesses

Consumer Data Right gives you choice, control and convenience.

Current providers

Only providers accredited by the Australian Competition and Consumer Commission (ACCC) can offer services using Consumer Data Right. In this section you can check if your provider is accredited and find accredited providers. Consumer Data will grow over time, as more and more providers become accredited. As it grows, it will become more powerful for individuals and small businesses.

Learn more about Consumer Data Right

Authorised by the Australian Government, Canberra.