This joint submission (by Financial Rights with input from CPRC and FCA) provides comment to Treasury on proposed changes to the CDR Rules – expanding the CDR to non-bank lending and narrowing the scope of CDR data in banking. Specifically, it comments on: Treasury’s approach to privacy impact assessments (PIAs); the proposed new de minimis threshold; excluding Financial Hardship Information (FHI) and Repayment History Information (RHI) from the non-bank lending sector; the interaction of CDR, Part IIIA of the Privacy Act 1988 and the Comprehensive Credit Regime (CCR); and the scope of historical data.
Consumer Data Right (CDR) Rules | non-bank lending and banking data scope
Related Projects
Submission to Treasury – Review of Tax Regulator Secrecy Exceptions
Tax secrecy laws are important for protecting people’s private financial information and keeping
Australia’s tax system secure. However, the current rules under the Tax Administration Act 1953 (TAA
1953) are making life harder for grieving families trying to access a loved one’s superannuation. This submission outlines issues we see in tax and super systems.
Submission to the Code Governance Committee – Monitoring and Compliance Priorities Consultation
This document outlines feedback on the Code Governance Committee’s priorities for monitoring compliance with the General Insurance Code of Practice. We appreciate the CGC’s
focus on key issues impacting consumers and financial counsellors. We outline several recommendations to improve insurance outcomes for consumers.