Telco industry inclusion in CDR regime faces scrutiny

Credit: Dreamstime

While the federal government has flagged it will direct the attention of the Consumer Data Rights (CDR) regime towards the telecommunications industry, one industry body has urged for caution moving forward.

The CDR regime, introduced in late 2017, was designed to give consumers greater access to and control over their data in an attempt to generate better prices for customers, as well as more innovative products and services.

The process has been led by the federal Treasury, alongside the Australian Competition and Consumer Commission (ACCC) and the Office of the Australian Information Commissioner (OAIC).

The government initially determined that the CDR would first apply to the banking sector, followed by the energy sector, with the telecommunications sector expected to follow.

Now, according to the Strategic Assessment Outcomes report about open finance being the next target area of the CDR released on 24 January, the expansion to the telecommunications industry has now been designated, with specific rules and standards to be tailor made for the sector.

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