What can a nominated representative do?
A nominated representative can:
- Set up and manage Open Banking data sharing arrangements for the organisation on any of the eligible open and closed accounts held by the business.
- View active and archived data sharing arrangements made by any other nominated representatives on the business internet banking 'Manage Data Sharing' dashboard.
- They will be able to remove accounts from and/or revoke data sharing arrangements.
- It is important to note that a nominated representative will be able to share data (including transactions, balances and payees) for all eligible accounts owned by the business. This includes accounts closed within the last two years and accounts the nominated representative may not have access to currently within their internet banking profile.
If a nominated representative is removed:
- They will no longer be able to set up or manage data sharing arrangements or access the Manage Data Sharing dashboard.
Any active data sharing arrangements created by the nominated representative will remain active until they expire, or the organisation (i.e. account owner/s) asks us to stop them.