Document ID: chunk:federal_register_of_legislation:F2024C01258:clause:4_4:p61
Version: federal_register_of_legislation:F2024C01258
Segment Type: clause
Provision Reference: sch 4 cl 4 (pt 61/75)
Character Range: 200183–203005

be disclosed under these rules only in accordance with the disclosure option that applies to the account. Division 4A.2 sets out:
             • the three disclosure options, with the default option being the pre‑approval option; and
             • an obligation for data holders to provide a service (a disclosure option management service) for all joint accounts to which this Part applies through which joint account holders can change the disclosure option that applies to the account, or propose a change to the other account holders; and
             • when one joint account holder proposes to change the disclosure option―a process by which the other joint account holders can either agree with or reject the proposal; and
             • some associated notification requirements.
      Any joint account holder can choose that the non‑disclosure option will apply.
      If the pre‑approval option applies, any joint account holder can choose that the co‑approval option will apply.
      A change from the non‑disclosure option to another option, or a change from the co‑approval option to the pre‑approval option, requires the agreement of all the joint account holders.
      When an accredited person makes a consumer data request under Part 4 on behalf of a CDR consumer, and the request includes CDR data relating to one or more joint accounts of which the CDR consumer is a joint account holder, Division 4A.3 deals with how the request is processed.
      Division 4A.3 also deals with how requests are processed when the accredited person makes a consumer data request on behalf of a secondary user of the joint account.

4A.3  Interpretation
  For this Part, in relation to a consumer data request to a data holder under Part 4 where the CDR data requested includes CDR data that relates to a joint account:
 (a) the requester is the person on whose behalf the consumer data request was made; and
 (b) the relevant account holders are:
 (i) if the requester is a secondary user―all joint account holders; and
 (ii) if the requester is a joint account holder―the other joint account holders; and
 (c) the joint account data is the CDR data relating to the joint account that was the subject of the request.
Note: The CDR data that can be requested on behalf a  CDR consumer is governed by the relevant general provisions in the sector Schedules, so that, for example, customer data that relates to another joint account holder cannot be covered by a consumer data request (see paragraphs 3.2(3)(b) of Schedule 3 and 3.2(3)(b) of Schedule 4).

Division 4A.2—Disclosure options

4A.4  Simplified outline of this Division

      This Division sets out the disclosure options that can apply to a joint account. These disclosure options are relevant when an accredited person makes a consumer data request on