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Wind back data-portability requirements, Australian banks urge government

By James Panichi ( November 11, 2025, 05:28 GMT | Insight) -- A lobbying push by Australian banks against plans to overhaul the country’s ailing data-portability regime appears to be facing headwinds, with the minister responsible for the revamp rejecting a request to meet the top lenders just days after receiving their shopping list of complaints. In a letter to Assistant Treasurer Daniel Mulino dated Aug. 22, 2025, the Australian Banking Association called on the government to narrow the scope of the troubled Consumer Data Right, which came into effect in 2019 but hasn’t been embraced by consumers.A lobbying push by Australian banks against plans to overhaul the country’s ailing data-portability regime appears to be facing headwinds, with the minister responsible for the revamp rejecting a request to meet the top lenders just days after receiving their shopping list of complaints....

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