Document ID: chunk:federal_register_of_legislation:F2021L01392:clause:4_14:p4
Version: federal_register_of_legislation:F2021L01392
Segment Type: clause
Provision Reference: sch 4 cl 14 (pt 4/8)
Character Range: 60367–63180

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 account, using the disclosure option management service.
 (2) If the pre-approval option applies to a joint account, a joint account holder may at any time choose that the co-approval option will apply to the joint account, using the disclosure option management service.

 (3) If a joint account holder (account holder A) changes the disclosure option that applies to the account in accordance with this rule, the data holder must, as soon as practicable through its ordinary means of contacting the other joint account holders:
 (a) explain to each of them what the consumer data right is; and
 (b) inform them which disclosure option previously applied to the account; and
 (c) inform them that account holder A has changed the disclosure option, and of the disclosure option that now applies; and
 (d) explain to them the mechanisms for changing the disclosure option again.
Note: This subrule is a civil penalty provision (see rule 9.8).

 4A.8  Obtaining agreement on change to a less restrictive disclosure option

Application of rule
 (1) This rule applies in relation to a particular joint account if:
 (a) the non-disclosure option applies to the account, and a joint account holder (account holder A) proposes, using the disclosure option management service, to change to the co-approval or pre-approval disclosure option; or
.  (b) the co-approval option applies to the account, and a joint account holder (account holder A) proposes, using the disclosure option management service, to change to the pre-approval option.

Inviting other account holders to respond to proposal
 (2) The data holder must, as soon as practicable through its ordinary means of contacting the other joint account holders:
 (a) explain to each of them what the consumer data right is; and
 (b) inform them which disclosure option currently applies to the account; and
 (c) inform them that account holder A has proposed that the co-approval or pre-approval option apply to the account, as the case may be; and
 (d) explain to them that this