From www.claytonutz.com: Australia’s Consumer Data Right aims to improve the portability and use of consumer data but faces challenges such as high compliance costs and limited uptake.

The government announced a reset in August 2024, focusing on streamlining consent processes and expanding CDR to include non-bank lending products.

Proposed changes include reducing the data retention period from seven years to two and considering a ban on screen scraping to enhance security and privacy.