Only eligible CDR consumers are permitted to share consumer data.
Individual/sole traders
A person is an eligible CDR consumer if they:
- are 18 years of age or older; and
- hold an eligible Macquarie Personal Banking Product that can be accessed via Macquarie Electronic Banking.
Joint accounts
Joint account holders with two or more individual account holders are eligible to share consumer data if:
- each account holder is 18 years of age or older; and
- an eligible Macquarie Personal Banking Product is held that can be accessed via Macquarie Electronic Banking.
The default setting for joint accounts (where each joint account holder is an eligible CDR consumer) is that either account holder is eligible to consent to the disclosure of CDR data. This means that any joint account holder can initiate or stop the sharing of CDR data from a joint account without further approval from other account holders.
Any joint account holder can also independently disable the account from data sharing altogether. Once an account is disabled:
- account holders will not be allowed to enter into any new data sharing arrangements;
- any existing data sharing arrangements will be paused; and
- the consent of all joint account holders will be required to re-enable data sharing.
If you’d like to change these default settings, you can manage your CDR disclosure preferences online either at Macquarie Online Banking or Macquarie Mobile Banking.
To change on Macquarie Online Banking:
- Select the account you would like to manage disclosure options for from the Accounts side menu
- From the ‘I want to…’ dropdown select ‘View account details’
- In Account summary select the Manage tool next to CDR disclosure option
- On the next screen select Change
- If changing to the:
- non-disclosure option (i.e. if you would like to independently disable the account from data sharing altogether), this action is now complete
- pre-approval option (i.e. if you would like to re-enable the account for data sharing), all other joint account holders will need to log in and navigate to the same Account details screen and select Review next to CDR disclosure option. Once all account holders have approved this change to the pre-approval option, data sharing will be restarted for active data sharing arrangements on selected account.
To change on Macquarie Mobile Banking:
- Select the account you would like to manage disclosure options for from the Accounts screen
- From the ‘I want to…’ dropdown select ‘View account details’
- In Account summary select the Manage tool next to CDR disclosure option
- On the next screen select Change
- If changing to the:
- non-disclosure option (i.e. if you would like to independently disable the account from data sharing altogether), this action is now complete
- pre-approval option (i.e. if you would like to re-enable the account for data sharing), all other joint account holders will need to log in and navigate to the same Account details screen and select Review next to CDR disclosure option. Once all account holders have approved this change to the pre-approval option, data sharing will be restarted for active data sharing arrangements on selected account.
Business/entity customers
A business/ entity customer (e.g. a company, trust or partnership customer) is an eligible CDR consumer if:
Secondary users
An individual CDR consumer who is an account holder can nominate another person to be a secondary user. As a secondary user, that person can authorise data sharing from the individual CDR consumer’s account on their behalf.
Please refer to the How to appoint or revoke a CDR secondary user section for more information.
