The Consumer Data Right
is here for you.

Australia’s new Consumer Data Right (CDR) helps you to get control of your data. Discover how you can now have better, safer access to more products and services.
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We became the first organisation
to become accredited

In 2020, Regional Australia Bank became the first organisation in Australia to become an Accredited Data Recipient (ADR). We then backed that up later in the year, becoming the first bank to both publish and receive CDR data.

Thanks to great people and great technology, we've been at the forefront of this federal initiative because we know it's essential for you and all Australians to be in control of your financial data

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What is the Consumer Data Right about?

Essentially, it’s about empowering you. We want to continue to make banking about people, not profit.

The Consumer Data Right makes sure you’re in control and you decide who you share your data with, what they can use it for and for how long they can have it.

The CDR gives you more control over your data, and it's designed to make your life easier. For example, when applying for a loan, if you use the CDR, we can automatically collect your banking data on your behalf. No more time spent hunting for old bank statements or proof of income.

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How the Consumer Data Right works

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Your consent

When a company wants to use your data, they will always need your consent.

Your data

It’s your data. You should get value from it when it is used.

Your control

You’re in control of who can continue to use your data and when.

This is bigger than banking

Although CDR is starting in the banking industry, it won’t stop there. It will gradually be applied to other sectors of the economy, including energy and telco.

Over time, as more and more companies create services that use CDR, things like buying a home, switching phone providers or even running your own business will become easier

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We've got big plans to make banking about people

We’re making it easier to buy your home

Even if you’ve done it before, we know how big a decision it is to buy your own home. So when the time is right for you, we can let CDR carry some of the load, creating more time for a human conversation with one of our home loan specialists. Great people and great technology working together to listen and deliver the right products and services for you.

We’re unlocking lifestyle opportunities for you

As the CDR rolls out across the country, many benefits will be uncovered. For example, small businesses and sole traders use a range of accounting and business management applications daily. CDR will allow these applications to safely and securely connect to up-to-date banking data. This could make a real difference to people who need to concentrate on their business and not their banking.

Read our CDR Policy

Find out more on how we handle your data in our easy-to-read policy.

Consumer Data Right Policy (5 min read)