Consumer Data Right Documents

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 Australian Banking Association (ABA) letter to Assistant Treasurer Daniel Mulino, dated 22 August 2025, urges an immediate pause and strategic review of the Consumer Data Right (CDR) program. The ABA argues the CDR has failed to achieve its objectives of empowering consumers and driving competition, instead imposing unsustainable regulatory and compliance costs disproportionately on mid-tier banks. The organisation cites independent reviews (Accenture CDR Strategic Review and Heidi Richards compliance cost review) supporting this assessment. Key quantitative claims: banks have invested over $1.5 billion in the scheme with less than 1 per cent customer uptake, and mid-tier bank compliance costs are multiples higher than major banks. The ABA states this cost burden is limiting sector investment capacity and competitiveness. The letter references a previous request for a CDR pause made to former Minister Stephen Jones, which was