Parliament of Australia passes consumer data right bill

The Parliament of Australia passed, on 1 August 2019, the Treasury Laws Amendment (Consumer Data Right) Bill 2019 (‘the Bill’), which amends the Competition and Consumer Act 2010, the Australian Information Commissioner Act 2010, and the Privacy Act 1988 (‘the Privacy Act’), to introduce a data portability right for consumers in the form of a consumer data right (‘CDR’).

In particular, the Bill, which currently applies to the banking sector and will soon apply to the energy and telecommunication sectors, allows individuals and businesses to access specified data related to them and held by businesses, as well as authorises secure access to this data by accredited third parties.

Source: Australia: Parliament passes consumer data right bill