User FAQs > Safety and Security > Which governing body regulates the Industry?
Which governing body regulates the Industry?
In Australia, Open Banking is regulated by two bodies:
Australian Competition and Consumer Commission (ACCC)
The ACCC is responsible for rules that govern Consumer Data Right (CDR) in Australia.
The Office of the Australian Information Commissioner (OAIC)
The OAIC provides advice on privacy protections and safeguards in the CDR system.
The OAIC also handles CDR-related complaints from consumers and assesses CDR participants to ensure they comply with privacy safeguards.
Watch video
In Australia, Open Banking is regulated by two bodies:
- The Australian Competition and Consumer Commission (ACCC); and
- The Office of the Australian Information Commissioner (OAIC)
Australian Competition and Consumer Commission (ACCC)
The ACCC is responsible for rules that govern Consumer Data Right (CDR) in Australia.
The Office of the Australian Information Commissioner (OAIC)
The OAIC provides advice on privacy protections and safeguards in the CDR system.
The OAIC also handles CDR-related complaints from consumers and assesses CDR participants to ensure they comply with privacy safeguards.
Watch video
