Document ID: chunk:federal_register_of_legislation:F2024C01258:clause:4_4:p63
Version: federal_register_of_legislation:F2024C01258
Segment Type: clause
Provision Reference: sch 4 cl 4 (pt 63/75)
Character Range: 205342–208098

to be available for a joint account.
 (3) The data holder may provide for the co‑approval option to be available for a joint account.
 (4) For the purposes of rule 4A.12, where the pre‑approval option applies to a joint account and the requester authorises the disclosure of joint account data in response to a valid consumer data request:
 (a) each relevant account holder is taken to have approved the disclosure; and
 (b) if an approval is withdrawn, the joint account data may not be disclosed despite the authorisation.

Default option
 (5) Unless a sector Schedule provides otherwise, the pre‑approval option applies to a joint account by default.
 (6) The disclosure option that applies to a joint account may be changed in accordance with rule 4A.7 or 4A.8.

4A.6  Obligation to provide disclosure option management service

Obligation to provide disclosure option management service
 (1) For each joint account to which this Part applies, the data holder must provide a service to each joint account holder that allows the joint account holder to:
 (a) change the disclosure option that applies to the account in accordance with rule 4A.7; and
 (b) propose a change in the disclosure option to the other joint account holders in accordance with rule 4A.8; and
 (c) respond to a proposal by another joint account holder to change the disclosure option.
Note: This subrule is a civil penalty provision (see rule 9.8).
 (2) Such a service is a disclosure option management service.

Requirements for disclosure option management service
 (3) The service must be provided online and, if there is a data holder's consumer dashboard for a joint account holder, may be included in the dashboard.
 (4) The service may, but need not, also be provided other than online.
 (5) The service must give effect to a change in the disclosure option as soon as practicable.
 (6) The service must not do any of the following in relation to the processes that it provides for changing or proposing to change the disclosure option that applies to the joint account, or responding to such a proposal (the processes):
 (a) add any requirements to the processes beyond those specified in the data standards and these rules;
 (b) offer additional or alternative services as part of the processes;
 (c) include or refer to other documents, or provide any other information, so as to reduce comprehensibility;
 (d) offer any pre‑selected options.
 (7) The service must indicate to the joint account holder which disclosure option currently applies.
 (8) The service must be in accordance with the data standards.

4A.7  Changing to a more restrictive disclosure option
 (1) A joint account holder may at any time choose that the non‑disclosure option will apply to the joint