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Narrow focus of data-portability regime, banking lobby tells Australian government

By James Panichi ( May 12, 2025, 06:50 GMT | Insight) -- Australia’s banks have been lobbying the government in a bid to narrow the focus of the struggling data-portability regime, limiting it to consumer bank accounts, credit cards and home loans, according to documents released this week. In a letter to Australian Assistant Treasurer Stephen Jones, who has since left politics, the Australian Banking Association said that while it was committed to the success of the Consumer Data Right, the regime had yet to justify “the significant investment by the banking sector.”Australia’s banks have been lobbying the government in a bid to narrow the focus of the struggling data-portability regime, limiting it to consumer bank accounts, credit cards and home loans, according to documents released this week....

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