Independent Review – Department of the Treasury
On 24 January 2022, the Government announced an expansion of the Consumer Data Right to the telecommunications sector.
The Consumer Data Right allows consumers to control the use of their data by trusted third parties. The Consumer Data Right was introduced in the banking sector in July 2020. This decision now expands the Consumer Data Right to the telecommunications sector, allowing consumers to access more accurate information about their own internet consumption, phone usage and product plans.
Consistent with the Government’s Regulation Impact Statement (RIS) requirements, the Consumer Data Right Telecommunications Sectoral Assessment: Consultation Paper and Consumer Data Right Telecommunications Sectoral Assessment: Final Report have been certified by the Department of the Treasury as meeting the requirements of a RIS. The Office of Best Practice Regulation (OBPR) does not assess the quality of independent reviews and RIS-like documents used in lieu of a RIS, but does assess whether the options analysed in the independent review are relevant to the regulatory proposal. The OBPR assessed that the options analysed in the independent review are sufficiently relevant to the regulatory proposal.
The Treasury estimates the average annual regulatory costs at $9.6-18.0 million.
Please note - any accessibility enquiries should be directed to the Treasury.