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Non-bank lenders to be included in data-portability rules: Australian government

( March 3, 2025, 06:00 GMT | Official Statement) -- MLex Summary: Australia is set to expand its data-portability mechanism to non-bank lending providers. In a statement, Minister for Financial Services Stephen Jones said that after “extensive consultation and undertaking a strategic assessment” of how to proceed with the Consumer Data Right, the government had decided to expand the scope of the data-portability mechanism. In what the government is describing as a “reset” of the CDR, Jones said the expansion of the CDR to non-bank lending would commence from mid-2026.The statement from Financial Services Minister Stephen Jones follows: ...

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