SMSF Association Submission
The SMSF Association (SMSFA) welcomes the opportunity to make a submission on the Consumer Data Right (CDR) rules expansion amendments. The CDR reforms are a significant piece of economic reform that have great potential benefit for many industries, particularly the SMSF sector.
The SMSFA is supportive of measures that will give customers greater access to and control over their own banking data and increase competition, innovation and productivity. Therefore, we support proposed rules that provide greater choices for consumers about who they share their data with and increase consumer benefit by adding flexibility and functionality to the CDR.
The SMSFA has limited this submission to section 5 regarding greater flexibility for consumers to share their CDR data.