The government has released draft amendments to the Consumer Data Right rules, extending the scheme to cover the non-bank lending sector. The non-bank sector was designated as subject to the CDR last November and coverage starts in November next year, with a phased rollout over 12 months. The threshold for inclusion under the rules is A$500 million of resident loans and finance leases over the previous 11 months and more than 500 customers. Smaller entities can volunteer to enter the system. According to a consultation paper released in December, the same kind of data that ADIs make available will be designated for non-banks. This includes payments, charges, rates, repayment schedules, contract terms and conditions and customer contact details. The government said its aim was to maintain regulatory consistency where possible. Non-bank CDR rules will apply to personal and business credit and charge card accounts, home loans, personal loans, business finance, investment loans, line of credit facilities, reverse mortgages, asset finance and consumer leases. Buy now pay later products will be covered by data sharing rules. ADIs will also have to start sharing their BNPL data. Excluded data holders include foreign owned entities and “entities that offer products for the sole or dominant purpose of furthering religious or charitable purposes”. The amended rules also include an exclusion for accounts in financial hardship. Treasury will hold a stakeholder forum on September 13 to provide an opportunity for feedback on the draft rules.