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ACCC & DSB | CDR Implementation Call Agenda & Meeting Notes | 4th of November 2021

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CDR API Stream edited this page Nov 5, 2021 · 7 revisions

ACCC & DSB | CDR Implementation Call Agenda & Meeting Notes

When: Weekly every Thursday at 3pm-4.30pm AEDT
Location: WebEx, quick dial +61-2-9338-2221,,1650705270##

Meeting Details:

Desktop or Mobile Devices https://treasuryau.webex.com/treasuryau/j.php?MTID=m9614a7c6166155d3d950a8999e437f9f Once connected to your meeting remember to start your audio and video
Please mute when you are not speaking.

Video Conferencing (VC) Rooms
Use the remote control or touch panel and dial the number indicated below:
External VC Room: [email protected]

Phones - AUDIO ONLY

Agenda

  1. Introductions
  2. Actions
  3. CDR Stream updates
  4. Presentation
  5. Q&A
  6. Any other business

Introductions

  • 5 min will be allowed for participants to join the call.

Recording

The Consumer Data Right Implementation Calls are recorded for note taking purposes. All recordings are kept securely, as are the transcripts which may be made from them. No identifying material shall be provided without the participant's consent. Participants may [email protected] should they have any further questions or wish to have any material redacted from the record.

Acknowledgement of Country

We acknowledge the Traditional Custodians of the various lands on which we work today and the Aboriginal and Torres Strait Islander people participating in this call.
We pay our respects to Elders past, present and emerging, and recognise and celebrate the diversity of Aboriginal peoples and their ongoing cultures and connections to the lands and waters of Australia.

Updates

Type Topic Update
Standards Version 1.14.0 Published Link to change log here
Standards v1.14.0+ is unplanned Pending any minor tweaks, fixes or amendments to v1.14.0
Maintenance 9th Maintenance Iteration Agenda from the 3rd of November 2021 meet
Maintenance 9th Maintenance Iteration Extended until 1st of December 2021
Dates updated here on the comment in Decision Proposal 212
Maintenance Decision Proposal 212 - Banking Maintenance Iteration 9 Link to consultation
Maintenance 10th Maintenance Iteration To commence on 16th of February 2022
DSB Newsletter To subscribe to DSB Newsletter Link here
TSY Newsletter To subscribe to TSY Newsletter Link here
TSY Newsletter 1st of November 2021 View in browser here
DSB Newsletter 29th of October 2021 View in browser here
Consultation Normative Standards Review (2021) Link to consultation
Consultation Decision Proposal 209 - Transition to FAPI 1.0 Advanced Profile Link to consultation
Consultation Decision Proposal 216 - Profile scope support Link to consultation
CDR Implementation Call End of the year Survey:
When to wrap up for 2021?
When to kick-off in 2022?		 Link to survey

CDR Stream Updates

Provides a weekly update on the activities of each of the CDR streams and their workplaces

Organisation Stream Member
ACCC CDR Register (Technical) ACCC Team
ACCC CTS Andrea Gibney
ACCC Onboarding Christine Atkins
DSB CX Standards Michael Palmyre
DSB Technical Standards - Banking Mark Verstege
DSB Technical Standards - Energy & Engineering James Bligh

Presentation

None.

Q&A

Questions will be received by the community via WebEx chat before the questions are opened to the floor. Participants can pre-submit questions to the DSB mailing box.

We are trialling Sli.do for Question and Answer. Join our Q&A live here: https://www.sli.do/ Code: #169517

Answer provided

Ticket # Question Answer
1084 We had a few questions on the representation of certain types of fees while working through getAccountDetails api.
Please consider the following examples:
Example 1:
{
"name": "Valuation fee",
"feeType": "Upfront",
"additionalValue": "Any valuation cost in excess of >$900. Payable when valuation costs associated with a loan application or variation exceed $900.\r\n"
},
Example 2
{
"name": "Break Costs (also known as Early Repayment Fee)",
"feeType": "Exit",
"additionalValue": "Payable if at any time before the fixed interest period expires you make additional repayments above the minimum required payments exceeding $10,000 for each 12 month period; or we agree to change your annual percentage rate during your fixed rate period (this includes a change to your annual percentage rate due to a change to your repayment type (principle and interest or interest only) or a change to your loan purpose (owner occupied or investment) or you repay all of the money owing under the facility during any fixed interest period before it is due.\r\n\r\n"
}
Example 3:
{
"name": "Fixed Rate Lock Fee",
"feeType": "Upfront",
"additionalValue": "0.15% of fixed rate loan amount. Payable to secure the fixed interest rate on a fixed rate loan for 90 days from the date this fee is received. "
},
In the examples above we don't have an amount/balanceRate/ transactionRate /accruedRate
hence we will include the information required in the additionalValue tag
Are you able to confirm if our approach is correct?		 This looks ok however I'd recommend splitting the value from the additional information. In your first example you could use "additionalValue": "900" and "additionalInformation": "Any valuation cost in excess of >$900. Payable when valuation costs associated with a loan application or variation exceed $900." This would be a great area of improvement you could raise a change request for to improve the handling of these types of fee considerations.
1149 As per the transition arrangements, from 1st Feb 2022, we will be introducing the standard error codes in the meta --> urn; can we update the title and description as well to align to the standard error code or should we follow our existing custom error title and description? You should keep the custom title and description during transition. Once you start deprecating custom codes you can then transition title and description.

Useful Links

View a number of informative and useful links in the Consumer Data Standards Implementation Guide on Information Links.

Getting Started

Meetings

Maintenance Iterations

CDR Implementation Call

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