AST ARNECC Draft Operating Criteria

Updated on: Apr 15, 2025

Latest Event


  • Apr. 2025 AST WA PRL Operating Requirements
  • On Apr. 11, 2025, AST WA PRL gazetted notice on new operating requirements version.
  • Determined WA operating requirements version 7.1 will come into effect May 9, 2025.

On Sep. 19, AST ARNECC drafted model operating requirement v7.01.

  • AST ARNECC drafted the model operating requirements (MOR) version 7.01.
  • In addition, it published a marked-up version highlighting the proposed amendments.
  • Aimed at obtaining stakeholder feedback prior to MOR version 7.1 taking effect.
  • Follows AST ARNECC Sep. 2023 issued proposal re operating requirements, #185405.
  • Proposed Amendments
  • Concerns interoperability fees and compliance with the electronic conveyancing payments industry code, which includes additions of definitions related to the code.
  • Such as default responsible electronic lodgment network operator (referred to as an ELNO) surcharge, responsible ELNO fee, interoperability fees and its pricing table.
  • Amend ELNO service fees, interoperability fees, data standards, compliance monitoring and reporting, reporting requirements, and interoperability agreement matters.
  • Consultation End
  • AST ARNECC welcomes stakeholder feedback; consultation end date is not specified.
  • Feb. 2025 MOR Version 7.1
  • On Feb. 28, 2025, AST ARNECC published the Model operating requirements version 7.1, which finalizes the proposed amendments of the drafted MOR version 7.01 above.
  • Mar. 2025 AST NSW RG Comments
  • On Mar. 31, 2025, AST NSW RG reminded AST ARNECC published MOR version 7.1.
  • AST NSW RG also said the NSW operating requirements version 7.1 (adopting the model version) will take effect on and from May 9, 2025; highlighted key changes.
  • AST ARNECC will review and issue updated guidance notes on AST ARNECC website in order to reflect the new changes and assist ELNOs to understand their obligations.
  • Document dated Mar. 31, 2025, received from AST NSW RG Apr. 1, summarized Apr. 3.
  • Apr. 2025 AST WA PRL Operating Requirements
  • On Apr. 11, 2025, AST WA PRL gazetted notice on new operating requirements version.
  • Determined WA operating requirements version 7.1 will come into effect May 9, 2025.
Regulators
AST ARNECC; AST NSW RG
Entity Types
Corp
Reference
OG 433, ISSN 2204-4264, 4/11/2025; PR 3/31/2025; Gd, 2/28/2025; CP, PR, 9/19/2024
Functions
Compliance; Legal; Operations; Registration/Licensing; Reporting; Risk; Technology; Treasury
Countries
Australia
Category
State
N/A
Products
Corporate; Mortgage; Payments
Rule Type
Final
Regions
AP
Rule Date
Sep 19, 2024
Effective Date
May 9, 2025
Rule ID
226746
Linked to
Reg. Last Update
Apr 11, 2025
Report Section
International