What is a Trusted Adviser?
Consumers can nominate certain people as their 'Trusted Adviser' and provide consent for an unrestricted Accredited Data Recipient (ADR) such as NextGen to share their data with that adviser.
Trusted Advisers are persons that belong to a number of defined classes listed in CDR Rule 1.10C(2) such as mortgage brokers (as defined in the National Consumer Credit Protection Act 2009), practicing solicitors, qualified accountants, financial advisers, and registered tax agents: https://www.legislation.gov.au/Details/F2022C00187
A person that belongs to any of these professions could (with consent) receive CDR data from an ADR through the CDR without the need to be an ADR themselves. This could be used to streamline consumer onboarding and fact-finding or to provide ongoing services and deliver more value to consumers.
Trusted Advisers do not have the same regulatory obligations that apply to an ADR under the CDR, however, as members of a specified professional class, Trusted Advisers are subject to existing professional and/or regulatory oversight.
Further info:
Trusted advisers in the Consumer Data Right system: https://www.oaic.gov.au/consumer-data-right/guidance-and-advice/trusted-advisers-in-the-Consumer-Data-Right-system
National Consumer Credit Protection Act 2009: https://www.legislation.gov.au/Series/C2009A00134