Consumer Data Right

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

The disclosure consists of an email from the Australian Banking Association to Treasury officials dated September 2023, accompanied by a regulatory landscape document. The ABA notified Treasury that it planned to formally correspond with the Treasurer the following week, along with the Council of Financial Regulators (COBA), advocating for implementation of a UK-style regulatory grid for Australia's financial services sector. The email references attached diagrams illustrating the proposed regulatory landscape (referred to internally as the "death star") and notes anticipated media coverage. The accompanying document lists numerous regulatory matters under Federal Parliament consideration and ASIC initiatives, including the Consumer Data Right review, privacy law reforms, digital asset regulation, and various parliamentary inquiries into financial services oversight, competition, and consumer protection. No quantitative analysis, cost estimates, or Treasury position on the proposal is evident in the released material.