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Control your data

Data sharing will only be possible with organisations that have been accredited by the Australian Competition and Consumer Commission (ACCC), and your information can only be used for purposes you consent to.

Prior to requesting your consent, Consumer Data Right (CDR) providers will provide the following information on their website or app, explaining:

  • What data you will be sharing
  • How the data will be used
  • How long they will have access to your data
  • How to manage and withdraw consent

Find out who is accredited by visiting the CDR website.

Securely share your data

Open Banking is a safe and secure way to share data without all the pesky paperwork. 

You won’t ever need to hand over your login details or password to share your data with an organisation and we can only share your data with an accredited organisation after you have provided your authorisation. Learn more about How Open Banking works.

Any organisation sending or receiving data under the CDR must meet obligations set by the ACCC and the Office of the Australian Information Commissioner (OAIC). Both have strict accreditation criteria when it comes to privacy and accessing and storing data.

New privacy safeguards have also been established by the CDR legislation. Credit unions, banks and accredited organisations failing to adhere to these rules face substantial penalties.

Consumer Data Right (CDR) Policy


  • What is Open Banking?

    Open Banking, also known as Consumer Data Right (CDR) is an opt-in service which gives you greater access and control over your data.

    The current stage of Open Banking allows you to authorise your credit union or bank to share your data with other accredited organisations, making it easier to compare and switch products and services or access new and improved services.

    Learn more about Open Banking, and how it will benefit you here.

  • Is Open Banking secure and safe to use?

    Yes. Open Banking is a government initiative and only accredited organisations can take part. Financial institutions and other companies that participate in Open Banking will need to adhere to strict security standards when accessing and storing your data and will be subject to the Privacy Act. And accredited organisations will only be able to access data at your request.

    Open Banking is also regulated by the Australian Competition and Consumer Commission (ACCC), the Office of the Australian Information Commissioner (OAIC), the Treasury and the Data Standards Body (DSB).

  • I don't want to give my details to the government. Will the government have access to my data if I use Open Banking?

    No. The Consumer Data Right is regulated by the Australian Competition and Consumer Commission (ACCC), the Treasury, the Office of the Australian Information Commissioner (OAIC) and the Data Standards Body (DSB). They oversee the participants in the ecosystem but do not collect your data. This is only shared between the Data Holder and the Data Recipient.

  • How do I share my data, and is this process authenticated?

    Check our How to use Open Banking page for detailed steps.

  • How do I stop sharing my Credit Union SA member data?

    • Log into your Internet Banking and select Security > Sharing.
    • Click on the authorisation you would like to withdraw then scroll to the bottom of the page and select 'Stop sharing'.
    • You'll be asked if you're sure - then select ‘Stop sharing’ again.

    If you would like to start sharing your data again, you'll need initiate a new data sharing request with the Data Recipient.

  • Where can I go for more information on Open Banking?

    Visit the CDR website for lots of great information and videos or check out our Open Banking page or detailed instructions.