It’s official – Action Initiation is here! The Treasury just released the first draft of the changes to the legislative framework needed for the much anticipated Action Initiation component of the Consumer Data Right.
It’s been almost a full year since the new CDR access models were introduced into CDR legislation, and it is already clear that the CDR Representative model has been the biggest hit.
Consumer consent is now commonplace in every digital environment. For instance, every time you use Facebook or Google to create a new app login like Spotify or AirBnB, you must consent to the app having access to your data. Now government regulators like the ACCC are extending consent legislation to business operations, but it’s much more than just a simple yes/no.