Is accreditation needed for data holders

Question

Do data holders need to be accredited?

Answer

Data holders are the providers that currently hold consumer data – for example, banks and energy retailers. Data holders are required to share a consumer’s data with a nominated accredited data recipient when the consumer directs them to. Data holders do not need to undergo an accreditation process to participate in the CDR and hold CDR data, however, if a data holder also wishes to receive CDR data, it must apply for accreditation as a data recipient.