Joint Account pre-approval and eligibility

Question

Are there any specific eligibility rules that apply to a Joint Account?

Specifically, under pre-approval Joint Account option, can a Joint Account Holder (JAH1) continue to select the account and authorise consent even if the other Joint Account Holder (JAH2) has selected not to share data?

Should JAH1 be notified that regardless of authorisation, data may not be shared until JAH2 agrees to share data? Is JAH1 able to select the account as an eligible account for sharing data?

Answer

These questions relate to the topics below.
 
Eligibility

The following CDR Rules apply to joint accounts:

• Main section, Division 1.3 Interpretation, 1.10B Meaning of eligible
• Schedule 3, part 2, 2.1 Additional criteria for eligibility - banking sector
• Schedule 4, part 2, 2.1 Additional criteria for eligibility - energy sector 

Pre-approval
If JAH2 has selected a 'non-disclosure option' for the account then JAH1 cannot select that joint account in the authorisation flow.

Co-approval
If a 'non-disclosure option' is in place, JAH1 cannot select the account. If an optional 'co-approval' mechanism is in place, then JAH1 can select the account in the authorisation flow but data from that account flows only when JAH2 approves.