Note: This article is out of date and has been archived.
Changes were made to the outsourced service provider (OSP) rules as part of the Competition and Consumer (Consumer Data Right) Amendment Rules (No. 1) 2023. For guidance and information on OSPs see factsheet on CDR outsourcing arrangements, CDR outsourcing arrangement: privacy obligations for an outsourced service provider published by the OAIC, and the latest version of the CDR Rules on the Federal Register of Legislation.
Archived Text
Question
Can an Open Banking Solution Provider contracted by a Accredited Data Recipient (ADR) Authorised deposit-taking Institutions (ADIs) or Fintechs be set as their endpoint connection to a Data Holder (DH)?
Answer
On 1 October 2020, the ACCC amended the CDR Rules to permit the use of accredited intermediaries to collect CDR data. These rules authorise third parties who are accredited at the ‘unrestricted’ level to collect CDR data on behalf of another accredited person under a CDR outsourcing arrangement. The ACCC has also released technical guidance relating to the operation of these rules.
The ACCC has also provided guidance on utilising software to collect CDR data. This guidance is available in our newsletter published 22 June 2020.
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