Note: This article is out of date and has been archived.
It refers to changes to guidance that have been superseded. For the latest information on joint accounts, please see the joint accounts implementation guidance.
Archived Text
We have finalised revised guidance on the treatment of joint accounts under the Competition and Consumer (Consumer Data Right) Rules 2020. The joint accounts implementation guidance is available on the CDR website and replaces our previous implementation guidance on this topic.
The guidance outlines how the rules deal with sharing Consumer Data Right (CDR) data from a joint account and how sharing arrangements can be authorised and approved by joint account holders.
This guidance is designed to be read in conjunction with the rules and has been updated to reflect changes to the treatment of joint accounts resulting from the Competition and Consumer (Consumer Data Right) Amendment Rules (No. 1) 2021.
Note that guidance provided is general only, does not constitute legal or other professional advice and should not be relied on as a statement of the law. We recommend that CDR participants obtain professional advice on how the rules apply to their specific circumstances.
If you have any questions or comments about this guide, please comment below or post an enquiry on the CDR Support Portal.
Comments
1 comment
Hi there,
The example in scenario 7 specifies:
If Candice indicates the same disclosure option, Easy Credit Union must:
• from the date and time of the co-approval option being indicated by Candice, reinstate all sharing from Perry and Candice’s joint account where authorisations are still current
• update the disclosure option management service accordingly.
Point 9.13 also specifies:
Where data holders reinstate sharing after a disclosure option has been amended, the disclosure option management service and consumer dashboard will provide consumers with an overview of sharing arrangements in place.
Are these scenarios regulated by CDR Rules? Can ACCC please confirm the following:
1. Is it a 'must' requirement for data holders to reinstate sharing on an existing authorisation, after a disclosure option has been amended (from pre-approval -> non-disclosure -> back to pre-approval)?
2. Is 9.13 a 'must' requirement?
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