Operating Requirement Waivers - Victoria
The Operating Requirement Waivers for Victoria listed below were first published by the Registrar in Victoria and are re-published here with consent and for convenience.
The Version Number aligns with the Version Number of the Operating Requirements applying in Victoria when the waiver was granted.
The description provided with each waiver indicates the nature of the relief granted from compliance with the Operating Requirements in Victoria applying between the Effective from and to dates.
| Effective from | Effective to | ||
|---|---|---|---|
| Version 3 | VIC Operating Requirements Waiver OR4-2016 This waiver provides relief for Property Exchange Australia Ltd from the Vic Operating Requirements requiring Non-ADI Mortgagees to satisfy the insurance excess eligibility criteria for Subscribers in the Vic Participation Rules. |
30/11/2016 | |
| VIC Operating Requirements Waiver OR3-2016 This waiver provides relief for Property Exchange Australia Ltd from the Vic Operating Requirements requiring Non-ADI Mortgagees to satisfy the insurance excess eligibility criteria for Subscribers in the Vic Participation Rules. |
06/09/2016 | 29/11/2016 | |
| VIC Operating Requirements Waiver OR2-2016 This waiver provides relief for Property Exchange Australia Ltd from the Vic Operating Requirements requiring State Trustees Ltd to satisfy the insurance excess eligibility criteria for Subscribers in the Vic Participation Rules. |
02/03/2016 | ||
| VIC Operating Requirements Waiver OR1-2016 This waiver provides relief for ELNOs from compliance with the Vic Operating Requirements by permitting the receipt of a Subscriber or Identity Agent Certification substantially compliant with the Requirements. |
09/11/2015 | ||
| Version 2 | VIC Operating Requirements Waiver OR5-2015 This waiver provides relief for ELNOs from the Vic Operating Requirement to apply the Subscriber Identity Verification Standard in the Operating Requirements applying at the time if the Standard in Version 3 of the Operating Requirements was applied. |
04/2013 | 09/11/2015 |
| VIC Operating Requirements Waiver OR4-2015 This waiver provides relief for ELNOs from the Vic Operating Requirement to appoint an Independent Expert that is not an existing contractor to the ELNO. |
02/07/2015 | 09/11/2015 | |
| VIC Operating Requirements Waiver OR3-2015 This waiver provides ELNOs with relief from the Vic Operating Requirement to monitor Subscriber compliance with the Vic Participation Rule requiring identity verification of mortgagors at or before signing of the mortgage. |
09/04/2015 | 09/11/2015 | |
| VIC Operating Requirements Waiver OR2-2015 This waiver provides ELNOs with relief from the Vic Operating Requirement to monitor Melbourne City Council compliance with the Vic Participation Rule requiring uncapped professional indemnity and fidelity insurance on the condition that the Council does not act as a Representative. |
24/02/2015 | 09/11/2015 | |
| VIC Operating Requirements Waiver OR1-2015 This waiver provides ELNOs with relief from the Vic Operating Requirement to use an ELNO Agent with uncapped insurance cover for Subscriber identity verifications. |
31/05/2015 | 09/11/2015 | |
| VIC Operating Requirements Waiver OR-2014 This waiver provides relief for ELNOs from the Vic Operating Requirements obligation to monitor Subscriber compliance with the Vic Participation Rule requiring the Goulburn-Murray Rural Water Corporation to comply with the Insurance Rules regarding the maximum professional indemnity insurance excess and fidelity cover on the condition the Corporation uses the ELNO to lodge notices, caveats and withdrawal of caveats only. |
24/07/2014 | 09/11/2015 | |
