The Operating Requirement Waivers for New South Wales are listed below.
The Version Number aligns with the Version Number of the Operating Requirements 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 Operating Requirements in New South Wales applying between the Effective from and to dates.
If there is no Effective to date, the waiver remains effective.
|Effective from||Effective to|
|Version 2||NSW Operating Requirements Waiver OR4-2015
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.
|NSW Operating Requirements Waiver OR3-2015
This waiver provides relief for ELNOs from the NSW Operating Requirement to appoint an Independent Expert that is not an existing contractor to the ELNO.
|NSW Operating Requirements Waiver OR2-2015
This waiver provides ELNOs with relief from the NSW Operating Requirement to enforce Subscriber compliance with the NSW Participation Rule requiring identity verification of mortgagors at or before signing of the mortgage.
|NSW Operating Requirements Waiver OR1-2015
This waiver provides ELNOs with relief from the NSW Operating Requirement to use an ELNO Agent with uncapped insurance cover for Subscriber identity verifications.