On Jul. 13, 2026, AST CC said new obligations requiring non-bank lenders to begin sharing product data, including interest rates, fees, charges, and eligibility criteria, through Australia’s consumer data right commenced.
The expansion covers mortgage, car finance, personal loan, and buy now pay later providers, with at least 35 new data holders entering the regime.
Consumers will be able to use their data to compare products, streamline applications, and assess switching options.
Consumer data sharing will be phased in from Nov. 9, 2026, based on provider's size.
On Nov. 26, AST GVT issued proposal on amendments to CDR rules.
AST GVT issued CDR rules – non-bank lending and banking data scopeconsultation paper, re extending CDR to non-bank lending sector, modifying banking data scope.
Extension aims to facilitate informed consumer engagement with banks and non-bank lenders, leading to improved financial outcomes for individuals and businesses.
Follows AST GVT Aug. 2024 issued proposal on amendments to CDR rules, #222476.
Changes for Non-Bank Lenders
Sets eligibility threshold requiring data sharing for lenders with >AUD 1bn in resident loans/leases and >1,000 customers, including loans managed via related entities.
Applies CDR obligations to loan servicer entities managing credit on behalf of non-bank lenders; allows non-bank lenders below thresholds to participate by notifying AST CC.
Modified Data Scope
Narrows mandatory data sharing; voluntary for asset finance (except standard auto finance), consumer leases, foreign currency accounts, margin loan, reverse mortgage.
Excludes products with <1,000 eligible CDR consumers from sharing requirements.
Limited mandatory transaction data sharing to two years prior to the request date.
Exempts financial hardship and repayment history data from data sharing obligations.
Product data sharing obligations begin Jul. 13, 2026, for initial and large providers.
Consumer data sharing will be rolled out in phases from Nov. 9, 2026 to Sep. 13, 2027, starting with largest non-bank lenders as well as non-complex requests.
Establishes internal dispute resolution requirements and compliance framework.
Consultation End
Consultation period is open from Nov. 26 until Dec. 24, 2024.
The purpose of the amendment rules is to extend CDR to the non-bank lending sector and narrow the scope of CDR data for the banking and non-bank lending sectors.
Newsletter reminds that initial and large non-bank lender data holders (NBL DHs) must implement product reference data from Jul. 13, 2026; consumer data sharing must be supported by Nov. 9, 2026 for initial NBL DHs, and May 10, 2027 for large NBL DHs.
In addition, a date has not been set for sharing consumer data from complex accounts, including for secondary users, joint accounts, non-individuals, and partnerships.
Requirement for historical transaction data to be shared has also been reduced from 7-year range to 2 years; AST CDS is developing draft standards to support the new rules.
Document dated Mar. 7, 2025, received from AST CDS Mar. 17, summarized Mar. 20.
In Mar. 2025, AST CDS issued updates on disclosure consent artifacts, see #247872.
In May 2025, AST CDR issued fact sheet re consumer data right rules, see #256442.
In Nov. 2025, AST CDS updated consumer data right guide for banks, see #276198.
Jul. 2026 AST CC Rules Commencement
On Jul. 13, 2026, AST CC said new obligations requiring non-bank lenders to begin sharing product data, including interest rates, fees, charges, and eligibility criteria, through Australia’s consumer data right commenced.
The expansion covers mortgage, car finance, personal loan, and buy now pay later providers, with at least 35 new data holders entering the regime.
Consumers will be able to use their data to compare products, streamline applications, and assess switching options.
Consumer data sharing will be phased in from Nov. 9, 2026, based on provider's size.
Regulators
AST CC; AST CDS; AST GVT
Entity Types
Bank; CNSM; MSB
Reference
PR 79/26, 7/13/2026, PR 3/7/2025; RF F2025L00272, 3/3/2025; CP, 11/26/2024; Citation: Competition and consumer (consumer data right) rules 2020; Competition and consumer (consumer data right) amendment (2025 measures no. 1) rules 2025;
