CDR privacy safeguards: OAIC guidance releasedNovember 6, 2019

With the start of Open Banking, the first part of the Consumer Data Right (“CDR”), fast approaching from February 2020, it is time for businesses who will participate in the new regime to think about how they will comply with their privacy safeguard obligations under the CDR.

The privacy safeguards set out the standards, rights and obligations to protect the privacy and confidentiality of data handled through the new CDR regime.

To help businesses to understand the CDR privacy safeguards and how they apply alongside the Australian Privacy Act, the Office of the Australian Information Commissioner (“OAIC”) has now released for consultation draft guidelines on the application of the privacy safeguards (“Draft Guidelines”).

Please refer attached article for more information …>>>cdr-and-privacy-oaic-guidance-released

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