Consumer Data Right On-boarding – Feedback
23 October 2020
The ABA believes that this process flow will benefit from an additional step ‘Testing’. The ABA recommends that testing stages which are aligned to those documented in the ACCC’s ‘Assurance Strategy Consumer Data Right’ (28/8/19) should be implemented for all data holders.
Download PDFTreasury Laws Amendment Bill 2020: CDR Consultation
19 October 2020
The ABA supports the Government’s intention to centralise design and rule making functions and encourages further centralisation of other critical functions of the CDR.
Download PDFInquiry into Future Directions for the Consumer Data Right
21 May 2020
The ABA supports the ongoing development and expansion of the Consumer Data Right (CDR). As the first sector to launch with Open Banking, the banking industry has contributed significantly to operationalising the CDR vision through expertise within the sector as well as providing the Open Banking systems through which the first consumer data will flow in the CDR.
Download PDFProposed timetable for participation of non-major ADIs in the CDR
3 March 2020
In discussions between the ACCC, ABA and non-major banks on 13 February 2020, the ABA and members unanimously expressed their concern for the 1 February 2021 launch for phase 1 products. Members reconfirmed the importance for maintaining a 12-month implementation timeline from the major banks’ launch date.
Download PDFARS 115 Standardised measurement approach to operational risk
24 February 2020
The ABA asks APRA to consider the ARS 115 consistency with the accounting standard and consistency with current data consultation outcomes.
Download PDFACCC CDR consultation on how to best facilitate participation of third party service providers
7 February 2020
The ABA supports the inclusion of TPSPs within the CDR regime. TPSPs could play an important role in the efficient and cost-effective provision of services to consumers. The entry of TPSPs, with appropriate governance and consumer protections, will enable the development of a richer and more vibrant ecosystem.
Download PDFDraft Consumer Data Right Privacy Safeguard Guidelines Consultation
27 November 2019
The ABA recommends that the PS GL undergo a second consultation twelve months after the launch of the CDR regime., and the ABA recommends that the OAIC institutes a process for annual review.
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