Date posted: 16/12/2020

Submission on proposed changes to the consumer data right (CDR) rules

CA ANZ provides feedback to the ACCC on the proposed changes to the CDR rules

On 29 October 2020, CA ANZ provided feedback to the ACCC on the proposed changes to the CDR rules. Our feedback focused on the issues which are likely to affect our members which includes the proposed permitted disclosure of CDR data by an Authorised Data Recipient (ADR), such as an accounting software provider to a trusted adviser. 

Our feedback to the ACCC acknowledged that there may be other aspects of the CDR regime that have adverse impacts on our members, but due to timing of the consultation process we, along with other accounting industry bodies, did not had the opportunity to review the entirety of the CDR regime and consider the full impacts.  

In our submission we raised the impact on the accounting industry an unintended consequence, the inadequate consultation process, the effect of the pandemic on implementation timing as well as feedback on the CDR rules expansion amendments.