New South Wales

Participation Rule Waivers – New South Wales

 

The Participation Rule Waivers for New South Wales listed below were first published by the Registrar in New South Wales and are re-published here with consent and for convenience.

The Version Number aligns with the Version Number of the Participation Rules applying in New South Wales when the waiver was granted.

The description provided with each waiver indicates the nature of the relief granted from compliance with the Participation Rules in New South Wales applying between the Effective from and to dates.

If there is no Effective to date listed, the waiver remains effective.

 

Effective from Effective to
Version 3
NSW Participation Rules Waiver PR1-2016
This waiver provides relief for ELNOs from the NSW 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.
26/08/2016
17/11/2016
NSW Participation Rules Waiver PR2-2016
This waiver provides non-ADI mortgage lenders who hold an Australian Credit licence and Credit Representatives of an Australian Credit licence holder with conditional relief from compliance with the NSW Participation Rule requiring compliance with the Insurance Rules for Subscribers and replaces NSW Participation Rules Waiver PR1-2016.
18/11/2016
NSW Participation Rules Waiver PR2-2015
This waiver provides Subscribers with temporary relief from the NSW Participation Rule requiring use of amended certifications #3 and #5 in Schedule 3.
09/11/2015
Version 2
NSW Participation Rules Waiver PR1-2014
This waiver provides Subscribers with relief from compliance with the NSW Participation Rule requiring use of Certification #5 in Schedule 3.
01/10/2014
14/11/2014
NSW Participation Rules Waiver PR1-2015
This waiver provides Subscribers with relief from compliance with the NSW Participation Rule requiring identity verification of mortgagors at or before signing of the mortgage.
01/04/2015
09/11/2015