Public input is sought for a new draft instrument to be published by the government that sets out data holders and datasets proposed for designation under the Consumer Data Right (CDR) reform. The draft also includes adding the telecommunications sector to the scheme.
Treasury will host a roundtable consultation to discuss the draft designation instrument, and will accept submissions by 13 December 2021.
In a statement on Wednesday, minister for superannuation, financial services and the digital economy minister Jane Hume said another CDR document released by the government — the final sectoral assessment report for telecommunications — would help consumers make better-informed decisions about products and services by leveraging their data.
The report recommended the telecom sector become a part of the CDR scheme, which, according to the minister, was a major initiative in the government’s $1.2 billion Digital Economy Strategy.
“Designating the telecommunications sector would expand the CDR framework to a key sector of the Australian economy, allowing consumers to make better choices and facilitating opportunities for cross-sectoral innovation,” Hume said.
Hume added that the CDR would enable consumers to leverage their data to save time and money through better-informed decisions about products and services.
“It gives consumers the right to transfer their data to third parties of their choice so that they can gain more value from their data,” she said.
Under the law, the telco sector cannot be designated to the CDR until 60 days after its final sectoral assessment has been published. Telecommunications is the third sector that the government has considered for designation, after banking (2019) and energy (2020).