On 24 September, the Government released for public consultation the second stage of exposure draft legislation, accompanying draft Explanatory Materials, a proposals paper and draft designation instrument and accompanying Explanatory Materials, giving effect to the announced measures with respect to the implementation of the Consumer Data Right in line with the recommendations of the Review into Open Banking in Australia.

The revised definitions and Privacy Safeguards sections of the exposure draft, reflecting feedback from public consultation on the first tranche of draft legislation which was released on 15 August.

The closing date for submissions is 15 October.