This article is out of date and has been archived. Please refer to the CDR website for the most up to date information.
Archived Text
Question
What flexibility or exemptions are available to non-major banks for the 1st July 2021 go-live date?
The document Phasing for CDR in Banking indicates some flexibility for non-majors, e.g. Phase II products (e.g Joint Accounts) can be made available later till Nov 2021.
Can non-majors deliver some of the CDS APIs (full or partial) at a later date?
Answer
See the following documents:
- CDR Rules is on the Federal Register of Legislation - the commencement table is at Schedule 3, clause 6.6.
- CDR rollout - includes a phasing infographic:
- CDR Guidance for applicants seeking exemption under section 56GD
- The ACCC/OAIC Compliance and Enforcement Policy for the CDR
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