The document discusses the implications of digital disruption for regulators from the perspective of the Productivity Commission of Australia. It makes three key points: 1) Digital disruption is occurring faster than expected and regulators must adapt their approaches to regulation to keep pace with changing technologies to avoid becoming irrelevant. 2) Regulators need to shift toward more risk-based and flexible regulatory models that harness opportunities from technologies like regulatory technology (RegTech) and recognize there are multiple ways to approach regulation. 3) A new comprehensive consumer right is proposed that would give consumers access to and control over their own data, including the ability to transfer it between companies, to empower consumers and spur more competition in the market.