14 November 2018

10 points on Open Banking in Australia

This KWM BriefSheet sets out 10 key features of the Australian Open Banking framework.

Our experts unpack these key points:

  • It is about sharing customer data at the direction of the customer with accredited data recipients. Data recipients need consent and must themselves share data too.
  • There are two key regulators a new Data Standards Body and safeguards and liability regimes.
  • It starts on 1 July 2019 but is will not stop with banking.

Key contacts

Share on LinkedIn Share on Facebook Share on Twitter Share on Google+
    You might also be interested in

    On 9 October 2019, the Australian Securities Exchange (“ASX”) released the final version of its listing rules reforms. Nearly all of these changes are expected to come into effect on 1 December 2019...

    14 October 2019

    On 18 September the Federal Government reintroduced Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Bill 2019 into Parliament.

    20 September 2019

    Committed settlement, a patent-pending methodology introduced by Digital Asset , could present a way to make financial transactions immutable

    18 September 2019

    Then this week came ASIC’s surprise. With no fanfare, ASIC has doubled the SPP participation limit from $15,000 to $30,000 per securityholder. Could this be the end of the entitlement offer era?

    30 August 2019

    You may also be interested in...

    Legal services for your business

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.