The Australian government is introducing a Consumer Data Right giving consumers greater control over their data. Part of this right requires the creation of common technical standards making it easier and safer for consumers to access data held about them by businesses, and – if they choose to – share this data via application programming interfaces (APIs) with trusted, accredited third parties. Data61 has been appointed as technical advisor for an interim standards body, designing the first iteration of open technical standards to support consumer-driven data sharing.
You can find out more about the history of the Consumer Data Right here.
The Consumer Data Right is intended to apply sector by sector across the whole economy, beginning in the banking sector. The energy and telecommunications sectors will follow. In the first instance Australia’s four major banks have been tasked with implementing an open banking standard by 1 July 2019, and so developing a standard for the banking sector – building on existing open banking and financial API standards – is the Consumer Data Standards program’s immediate focus. All other banks will need to comply with these standards by 1 July 2020.
This work is being delivered by a newly formed team within Data61 – the Consumer Data Standards team. The work of the team is overseen by Mr. Andrew Stevens as interim Chair, with industry and consumer advice provided by an Advisory Committee. Data61 is working closely with the Australian Competition and Consumer Commission (ACCC) as lead regulator of the Consumer Data Right, supported by the Office of the Australian Information Commissioner (OAIC).
A number of working groups have established to support Data61 designing and testing the open standards it develops. Input provided by the Advisory Committee and working groups, alongside draft guidance materials, API specifications and implementation materials are being shared on this website and on GitHub.