Consultation Draft 5

Joint Account Election and Authorisation

Context

The Australian Competition and Consumer Commission (ACCC) is considering whether to amend the rules to accommodate joint account elections being offered in the authorisation flow. This would be optional and would not affect current implementation in accordance with the existing rules. The ACCC is mindful that the November timeframe for joint accounts is fast approaching and any implementation decision should not create additional requirements that would impact build timelines.

This decision proposal articulates two options for joint account election and authorisation to be considered for Phase 3 implementation but also an ‘ideal state’ to work towards in the near future.

This decision proposal has been written to obtain community feedback on these options, and any other options that are raised for consideration, prior to a recommendation for a final proposal being made to the Data Standards Chair.

In particular, the Data Standards Body (DSB) would like to receive:

1. Views on joint account election and authorisation from the community, but especially data holders required to implement joint accounts in 2020 and 2021.
2. Feedback on the specific options presented in this paper, along with any other options raised for consideration.
3. Time estimates for successful implementation of the options in this paper, and any other options raised for consideration.

Consultation draft

Feedback submissions

Feedback submissions for this consultation draft can be found below and on Github.