Aussies to ‘own’ their utility, banking and internet data
NEW LEGISLATION GIVES POWER TO COMPARE AND CONTRAST — AND EASILY SWITCH SERVICES.
STARTING IN 2018, Australians will be able to retain usage data from their electricity, banking and internet providers, giving consumers more power to compare services and save money. Called the Consumer Data Right, Aussies can also authorise government agencies to transfer the data to other third parties. Assistant Minister for Cities and Digital Transformation, Angus Taylor, said in a statement, “Government is pursuing the very simple idea that the customer should own their own data. It is a powerful idea and a very important one. Australians have been missing out because it’s too hard to switch to something better. You may be able to access your recent banking transactions, or compare this quarter’s energy bill to the last, but it sure isn’t quick or easy to work out if you can get a better deal elsewhere.” The ultimate goal is to be able to use your smartphone to transfer services once you’ve figured out if you can get a better deal elsewhere on these — and more — core utilities and services.