A consultation paper on rules for the proposed consumer data right (CDR) program will be released next month.

The program was announced last November, and aims to give people greater control over their data.

“It is essentially a data portability right,” Australian Competition and Consumer Commission Chairman Rod Sims said.

“The CDR will give consumers the right to safely access data about them held by businesses, and direct that this information be transferred to trusted third parties of their choice.

“This will enable consumers to benefit from the data businesses hold about them.”

The CDR will be introduced in banking next year, followed by energy and telecommunications.