Updated @November 9, 2023
These guidelines provide examples for how to implement requirements related to changing disclosure options for joint accounts.
On this page
Overview
Data holders must provide joint account holders with a disclosure option management service. This service must allow joint account holders to:
- change the joint account to a more restrictive disclosure option;
- propose a change on a joint account to a less restrictive disclosure option; and
- respond to the proposal to change to a less restrictive disclosure option
The guidelines in this section focus on changing to a non-disclosure option in accordance with rule 4A.7, and obtaining agreement on change to a less restrictive disclosure option with accordance to rule 4A.8.
For further guidance, see ACCC's Revised joint account implementation guidance.
Wireframes and guidelines
Change to a non-disclosure option
The following wireframes show an example of changing a disclosure option to a more restrictive option. In this example, account holder A (AH-A) changes the disclosure option from pre-approval option to non-disclosure option.
Change to a less restrictive disclosure option
The following wireframes show an example of changing a disclosure option to a less restrictive option. In this example, account holder A (AH-A) proposes to change from non-disclosure option to pre-approval option.
Download open source asset
Open sources design assets are created in Figma for the purposes of assisting implementation. This Figma file contains annotated wireframes and working prototypes for Joint account disclosure option management service, including:
- Change to non-disclosure option
- Change to a less restrictive disclosure
| Item | File | Date released | Version introduced |
|---|---|---|---|
June 8, 2022 | 1.17.0 |
For past versions, refer to Change log.
References
These CX Guidelines were informed by consultations in 2021, including the following:
- Consultations
- Treasury 2021, Draft v3 Rules consultation
- DSB 2021, Noting Paper 207 - Draft v3 Rules Analysis | Anticipated Data Standards
- DSB 2021, Decision Proposal 162 - CX Standards | Joint Accounts (see concept Ceasing joint account data sharing)
- DSB 2021, CX Workshop: Joint Accounts
- DSB 2021, Design Paper 176: an ‘opt-out’ data sharing model for joint accounts in the banking and energy sectors
- Other
Quick links to CX Guidelines:
→ cx@consumerdatastandards.gov.au → cx.cds.gov.au | cds.gov.au
