Version 3.0 of the Data Standard is now being implemented by Credit Reporting Bodies with Credit Providers moving to upgrade to this version during 2022. This will enable reporting of Hardship information which will become mandatory when reporting CCR from 1 July 2022.
Version 2.0 is operational with Credit Reporting Bodies and has been adopted by many Credit Providers. Subversion 2.1 has been implemented by Credit Reporting Bodies to enable reporting of BNPL accounts. It need only be adopted by Credit Providers that will report BNPL accounts on the Version 2 reporting platform. The Version 3 reporting platform also supports reporting of BNPL accounts.
Both version 1 and version 2 of the Data Standard remain concurrently operational while Version 3 reporting is being established. Version 1 reporting will be retired on 31 October 2022. Version 2 reporting (inclusive of Version 2.1) will be retired on 31 March 2023.
The Australian Retail Credit Association (ARCA) aims to promote responsible lending and establish a benchmark for best practice in consumer credit management through reciprocal sharing and use of this credit information and data. ARCA’s primary objective is to develop industry codes and standards in relation to the use of information across the retail credit industry.
In continuing to uphold these objectives, the ARCA Data Standards Work Group has developed the Australian Credit Reporting Data Standard and Schema which will be available to credit providers and credit reporting bodies upon request. This document details the requirements for reporting credit accounts, and events relating to those accounts, between Credit Providers and Credit Reporting Bodies in Australia.
CHANGE CONTROL NOTIFICATION PROCESS
Once you have registered to receive the Australian Credit Reporting Data Standard and Schema, your details will be retained to ensure we can notify you of future updates and versions. If you do not wish your details to be retained for change notifications, please email [email protected].
Should you have any questions or require assistance, please contact ARCA via email at [email protected]. Also, the Credit Reporting Body/ies you obtain products and services from will be able to assist with specific data exchange queries.
FREQUENTLY ASKED QUESTIONS
The FAQ section formerly included in the ACRDS can now be obtained as a separate document here. Please check this first for any questions you have about the Data Standard.
REQUEST A COPY
To request a copy of the Australian Credit Reporting Data Standard (ACRDS) and Schemas (or contact the Data Standards team specifically about Data Standard's operational issues), complete your details below.