CBFL Seminar Series: Lessons from Australia’s World-Leading Consumer Data Sharing Regime
August
31
Thursday
| Speaker: | Scientia Professor Ross Buckley, UNSW Sydney |
| Time: | 4:00 pm to 5:00 pm (SGT) |
| Venue: | Lee Sheridan Conference Room NUS Law (Bukit Timah Campus) |
| Type of Participation: | Open To Public |
Description
About the Seminar
The Consumer Data Right (‘CDR’) regime introduced in Australia in 2019 is a ‘water supply and sanitation system’ for Australia’s digital economy. It should provide the pipes through which data will flow securely, and ensure that waste data is disposed of safely. Thinking of the CDR in these terms provides a useful analogy for understanding the regime’s potential to drive innovation and competition while rigorously protecting consumer data and ensuring the system’s trustworthiness. It is currently the only data-sharing regime in the world that extends beyond banking to other sectors, in Australia’s case, energy. Yet few Australians seemingly appreciate how far ahead it is of other nations, and how imperative it is that it continues to build on this lead.
This presentation analyses six lessons from the Australian experience so far:
- The desirability of expanding Open Banking beyond Open Finance to other sectors, and ultimately to Open Data
- The need for a policy agency to lead such a process, not a regulator
- The need for the data-sharing framework to be living and adaptable
- The need, at least in Oz, to encourage businesses to generate use cases
- The importance of action initiation
- The potential for action initiation to incentivise fairer commercial dealings
About the Speaker
Ross P. Buckley is an Australian Research Council Laureate Fellow and a Scientia Professor at UNSW Sydney where he leads a $2.7 million six-year ARC research project into the regulation of FinTech. He has written six books, edited a further five, and written over 170 book chapters and articles. His joint research on FinTech and RegTech has been downloaded from the Social Science Research Network (SSRN) more often than that of any other scholar on these topics and his work is currently the third most frequently downloaded legal research in the world from SSRN. He chairs the Digital Finance Advisory Panel, and serves on the Consultative Panel, of the Australian Securities and Investments Commission. He has consulted to governments in 14 nations, including the U.S., and twice been a Fulbright Scholar, at Yale and Duke.
Fees Applicable
S$97.20 (with 8% GST)
Complimentary for full-time NUS academic staff and students only.
Registration
Registration is closed.
TERMS AND CONDITIONS
1. Fees are to be paid before the commencement of the event with exception of e-invoices.
2. Fees paid are non-refundable.
3. Registration is transferable within the same organisation if the request is made at least one week in advance of the event.
4. By filling up this Registration Form,
i. Participants agree and consent that their personal data provided in this form may be collected, used, processed and disclosed by NUS and the event organisers for the purposes of processing their registration, in accordance with the Personal Data Protection Act 2012 and all subsidiary legislation related thereto. In respect to disclosure, NUS may disclose participants personal data to third parties (which may be in or outside of Singapore) where necessary for such purposes.
ii. Participants will also consent to NUS taking photographs and videos for the purposes of event reporting, marketing, publicity, and media/social media. Participants further consent to NUS disclosing such photographs and videos to third party media entities (whether in Singapore or otherwise) for publicity purposes and NUS may identify them by name.
iii. NUS Law School and designated event organisers reserve the right to alter any of the programme or other arrangements for this event, including cancellation or postponement of the event, should circumstances so warrant.
CPD Points
1
Practice Area: Data Protection & Privacy
Training Category: General
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes arriving punctually, not leaving the activity before it has ended, and signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.
Contact Information
For enquiries, e-mail cbfl@nus.edu.sgOrganised By
