The Productivity Commission is recommending a major overhaul of Australia's data policy framework, including the introduction of a Comprehensive Right to give people more control over their data. Changes in the way business and government manage people's data needs to be a priority if Australia is to reap the benefits of data as an asset.

This Comprehensive Right which would give consumers the right to direct data holders, in both the private or public sector, to transfer a copy of their information to a third party is a big shift in competition policy. Consumers in this instance would also include businesses when they are acting as purchasers.

The report shows that Australia is missing out on opportunities for improved health care, safer and more efficient infrastructure and machinery maintenance, enhanced supply chain logistics, and the development of more tailored, data-driven, financial and energy market products.

The report warns that Australia can no longer afford to forgo its benefits under the misconception that denying access will minimise risks.

You are invited to examine this draft inquiry report and comment on it by written submission to the Productivity Commission, preferably in electronic format, by 12 December 2016 and/or by attending a public hearing.