Proposed 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 PDFTreasury consultation on Open Banking Privacy Impact Assessment (PIA)
28 October 2019
The ABA views any changes to the Consumer Data Right (CDR) regime as likely to have a significant impact on the privacy of individuals, thereby warranting reconsideration of the risks and recommendations made by the PIA. This review process is crucial to ensuring that the CDR regime will meet its stated goal of being ‘consumer... Read more »
Download PDFTreasury Consultation on the Digital Platforms Inquiry 2019
19 September 2019
The ABA acknowledges the breadth of the report and supports initiatives to improve privacy protections for banking customers. The ABA makes several points in this submission which warrant further review of recommendations 16-17 with respect to privacy, and also recommendations 20-21 with respect to unfair contract terms and unfair practices, and data portability.
Download PDFOpen Banking designation instrument consultation (2nd round)
11 July 2019
Banking will be the first sector to apply the Consumer Data Right and the ABA supports the participation of more sectors over time to achieve an economy-wide open data regime.
Download PDFComments on the Working Draft of the Consumer Data Standards
21 June 2019
ABA’s submission to Data 61 on Consumer Data Rights Standards 0.9.3 highlighted the need for a number of important functional and security requirements to be embedded in the regime.
Download PDFACCC Draft Consumer Data Rules
10 May 2019
The ACCC’s draft Rules provide a good foundation for the implementation of open banking, however there are a number of areas that have not been addressed in the draft Rules or which require further guidance.
Download PDFConsumer Data Right – Energy Sector
22 March 2019
Banking will be the first sector to apply the CDR and the ABA supports the participation of more sectors over time to achieve an economy-wide open data regime.
Download PDFConsumer Data Right Bill Inquiry
28 February 2019
The Privacy Safeguards should be aligned with the Australian Privacy Principles where possible, particularly in relation to Privacy Safeguard 4.
Download PDFResponse to Treasury: Privacy Impact Assessment – Consumer Data Right
18 January 2019
It is important that the Consumer Data Right appropriately balances efficiency in the transfer of data and the risks to consumers’ privacy. The Privacy Impact Assessment (PIA) is an important step in achieving this balance.
Download PDFConsumer Data Right Industry Designation
23 October 2018
The ABA believes that each industry would be better served by a designation tailored to their industry, rather than a broad instrument that is attempting to serve as a template.
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