If you’re using Open Banking through Moorr, you may come across the terms CDR Representative, CDR Representative Principal and Basiq.
They sound technical, but the idea behind them is fairly straightforward.
A CDR Representative arrangement is one of the ways a business like Moorr can participate in Australia’s Consumer Data Right (CDR) and provide Open Banking services to its users.
So, where does Basiq fit in? And how does your banking data actually make its way into Moorr?
Let’s break it down.
First, what is a CDR Representative arrangement?
Under the Consumer Data Right, businesses that receive CDR data directly from banks generally need to meet strict accreditation requirements.
But the CDR also allows another participation model called a CDR Representative arrangement.
Under this model:
- an accredited business acts as the CDR Representative Principal
- another business operates as its CDR Representative
- the CDR Representative Principal collects CDR data on behalf of the Representative
- the Representative can then use that data to provide an agreed product or service to the consumer
The arrangement must be governed by a written agreement that meets the requirements of the CDR Rules.
The Australian Government explains that a CDR Representative can participate in CDR without holding its own accreditation, provided it has an approved arrangement with a CDR Representative Principal that holds unrestricted accreditation.
What is a CDR Representative Principal?
A CDR Representative Principal is an organisation with unrestricted CDR accreditation that has entered into a formal arrangement with a CDR Representative.
Unrestricted accreditation is the highest level of accreditation under the Consumer Data Right, and there is a high bar to achieve and maintain it.
To become accredited, an organisation must demonstrate that it meets a range of requirements, including being fit and proper to handle CDR data, having appropriate information security controls, internal and external dispute resolution processes, and adequate insurance.
You can read more about the accreditation requirements on the Australian Government Consumer Data Right website and in the CDR Accreditation Guidelines.
Once accredited, a CDR Representative Principal also has significant ongoing responsibilities under the CDR Rules.
Its role includes collecting CDR data on behalf of its CDR Representative so the Representative can provide the service the consumer requested. It is also responsible for ensuring its CDR Representatives comply with their CDR Representative arrangements and relevant CDR requirements.
Importantly, the Principal can be liable for the actions of its CDR Representative when handling CDR data, including certain breaches of the CDR privacy safeguards.
The Office of the Australian Information Commissioner explains these responsibilities in more detail in its guidance for CDR Representative Principals.
The Australian Government also publishes specific guidance on how CDR Representative Principals should oversee the compliance of their CDR Representatives.
Think of it like this:
The CDR Representative Principal provides the accredited pathway that allows CDR data to securely reach that service, while carrying significant regulatory and compliance responsibilities behind the scenes.
The CDR Representative provides the service you use.
So, who is Basiq?
For Moorr, Basiq Pty Ltd is the CDR Representative Principal.
Basiq is an Accredited Data Recipient under Australia’s Consumer Data Right and currently holds unrestricted accreditation.
Its accreditation number is ADRBNK000208, and Basiq is listed as active on the Australian Government’s official CDR provider register. Basiq provides the infrastructure that enables businesses to access consented financial data through the Consumer Data Right. Its role in the Moorr arrangement is to collect the CDR data you have chosen to share from your bank and make that information available to Moorr for the purpose you consented to.
View Basiq on the Australian Government CDR provider register
You can also read more about how Basiq handles CDR data in its Consumer Data Right Policy here > Read Basiq’s Consumer Data Right Policy
What is Moorr’s role?
Achieve Moorr Pty Ltd is the CDR Representative.
That means Moorr provides the customer-facing service, while operating under its CDR Representative arrangement with Basiq.
The Australian Government’s CDR register lists Achieve Moorr Pty Ltd as an active CDR Representative of Basiq Pty Ltd, with the arrangement commencing on 11 June 2026. Learn more here >
Basiq’s own CDR Policy also lists Achieve Moorr Pty Ltd trading as Moorr App as one of its CDR Representatives. It describes Moorr as using CDR data to help users plan, model and track their cash flow, assess affordability and build long-term wealth.
So, in simple terms:
Basiq = CDR Representative Principal
Moorr = CDR Representative
How does my banking data get into Moorr?
For Moorr, the flow looks like this:
When you choose to use Open Banking in Moorr, the process starts with your consent.
You choose what eligible information you’re willing to share and authorise that sharing through your financial institution.
Basiq then collects the CDR data directly from your bank or financial institution through the Consumer Data Right framework and makes the authorised information available to Moorr so we can provide the service you requested.
This is where our Consumer Data Right Framework diagram can help show the flow visually.
How can I check that Moorr and Basiq are part of the CDR system?
You don’t need to take our word for it.
The Australian Government maintains a public Consumer Data Right provider register where you can search for accredited providers and CDR Representative arrangements.
Basiq is listed with active, unrestricted accreditation, and Achieve Moorr Pty Ltd is listed under Basiq as a CDR Representative.
Search the Australian Government CDR provider register
