Document ID: chunk:federal_register_of_legislation:C2024A00075:clause:1_175
Version: federal_register_of_legislation:C2024A00075
Segment Type: clause
Provision Reference: sch 1 cl 175
Character Range: 76329–76947

175  After subsection 56FD(2)
Insert:
 (2A) A contract is taken to be in force between:
 (a) an action service provider for a type of CDR action to which a binding data standard applies; and
 (b) each accredited action initiator for a CDR action of that type;
under which each of those persons:
 (c) agrees to observe the standard to the extent that the standard applies to the person; and
 (d) agrees to engage in conduct that the person is required by the standard to engage in.
Note: This means the action service provider will be taken to have a separate contract with each of those accredited action initiators.