Response to revised draft legislation for the Consumer Data Right

The Business Council supports the concept of a Consumer Data Right (CDR) but the previous draft of the CDR legislation raised, in our view, serious risks to business innovation and investment in data, Australia’s competitiveness and – most importantly – the privacy and security of consumers’ data.

Several amendments are proposed in the revised draft legislation, which appear to be intended to address concerns raised by the business community.

The Business Council continues to hold the view that further amendments on value-added data and the privacy safeguards are required to reduce the potentially major risks raised by the current draft of the legislation.