📅
Effective Date
Jul 2020
Full Compliance
Nov 2022
🏛️
Regulator
ACCC
rules
📊
Scope Areas
4

Overview

Australia's economy-wide data sharing framework started with Open Banking and is expanding to energy, telecommunications, and other sectors. Provides consumers with the right to share their data with accredited recipients.

Note: Expanding to action initiation in banking. Energy and non-bank lending sectors being added.

Jurisdiction

Australia
View Open Banking providers and TPPs in Australia

Scope & Coverage

This regulation covers the following areas and services:

BankingEnergyTelecommunicationsInsurance

Key Requirements

Data holder and recipient accreditation
Consent management framework
Standardized data standards
Action initiation (write access)

Timeline

Effective Since
July 1, 2020
Full Compliance Deadline
November 1, 2022

Official Resources

Related Regulations

Other Oceania regulations you might be interested in:

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