‘Badly executed’: Labor unveils plans to simplify consumer data right
Labor says it will extend and simplify a sweeping scheme meant to make it easier for customers to compare prices and switch banks or energy providers, as it pushed back against complaints that the consumer data right program is expensive and unnecessary.
The government is backing the regime to boost competition and service delivery in the digital economy. Financial Services Minister Stephen Jones set out recalibrations to debug a host of problems he blamed on the Morrison government, including excessive complexity, in a speech in Sydney on Friday morning.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Financial services
Fetching latest articles