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The Treasurer has directed the Australian Competition and Consumer Commission (ACCC) to undertake two new inquiries.

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In the second half of 2019, Australia has taken significant steps towards establishing a consumer data right (CDR) regime and implementing it in the banking…

Australia has made an important step in disrupting the data ecosystem by finally establishing a Consumer Data Right which allows consumers to require the…

On 1 July 2019, the Federal Government launched its pilot program for Open Banking, involving the big four banks. Under the pilot program, ANZ, CBA, NAB and…
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Our previous update in February “Where to now? Longstanding IP exemption repealed in Australian competition laws” highlighted the significance of Parliament…

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In an Australian first, the Federal Court has ordered Cryosite Limitedto pay penalties of $1.05 million for cartel conduct, following proceedings commenced…

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On 18 February 2019, the Commonwealth parliament passed amendments to the Competition and Consumer Act 2010 (Cth) (CCA) intended to facilitate individuals,…

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On 18 February 2019, the Australian Government passed legislation which repeals the limited exemption in section 51(3) of the Competition and Consumer Act…

Right before Christmas last year the Government quietly announced that the launch of Open Banking would be delayed by seven months from 1 July 2019 to 1…

At the 2018 Annual RBB Economics Conference last Thursday, Australian Competition and Consumer Commission Chairman Rod Sims delivered an important speech…

Expertise Area

Open banking is the application of a national Consumer Data Right to the banking industry. It will allow customers to request that their data be transferred…

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