Design Paper: Consumer Data Right Rules and Standards for the Non-Bank Lending Sector

[CDR-CX-Stream]

Overview

The Treasury and Data Standards Body are seeking input on rolling out the Consumer Data Right (the CDR) to the non-bank lending sector.

A design paper has been developed to seek feedback on the proposed policy specifications and principles to support this rollout.

Given the parallels between Open Banking and non-bank lending data sets and products, the Rules and Data Standards applying to the non-bank lending sector are expected to align, where appropriate, with existing Rules and Data Standards for the banking sector.

The design paper can be accessed using the following links: Design paper (PDF) | Design paper (DOCX) Feedback on this consultation closes on 31 January 2023

Feedback

Feedback provided in response to this paper will be used to develop the draft non-bank lending Rules and will inform Treasury’s advice to the Minister. It will also inform the DSB’s development of sector-specific Data Standards. Stakeholders will have a further opportunity to provide feedback on draft non-bank lending Rules and Data Standards at a later stage.

Feedback can be provided via email to data@treasury.gov.au.

Feedback, comments and ongoing discussion can also be lodged on this public GitHub page, which is maintained by the DSB.

For further information on how to make a submission, see the Treasury's consultation page.

[CDR-CX-Stream]

Treasury and the Data Standards Body are seeking input on the development of rules and standards to implement the CDR in the non-bank lending sector. To support consultation and elicit informal feedback on these issues, a design paper has been published for community input.

Links and consultation dates can be found in the original post.

[CDR-CX-Stream]

This consultation has now concluded.

The Treasury and the DSB will now begin reviewing submissions.

Submissions that can be made public will be available on Treasury's consultation page, here.