In general, all types of bank accounts can be shared if you meet the eligibility criteria. This may even include closed accounts. However, there are a few reasons why an account may not be available for sharing:
Bank Exemptions: Some banks have been granted exemptions by the ACCC, allowing them to delay implementing sharing functionality for certain account types related to business, trusts, and partnerships. These exemptions are temporary, and banks are still required to comply in the future.
Limited User Access: Accounts operated by non-individual entities like companies, trusts, SMSFs, or partnerships may require specific data sharing configurations. Some banks do not enable sharing by default, so you may need to enable this feature through the bank's online portal or contact them directly.
Joint Account Settings: By default, joint account owners can give consent to share data. However, it's possible for a joint owner to change the sharing settings to disable it. Check your bank's Joint Account Management settings to review and update these settings if necessary.
Offline or Grandfathered Products: Banks that have been in operation for a long time may have older accounts that are not visible in their web-based portals. Nevertheless, these accounts should still be available for sharing.
Non-Compliance: If you believe a bank account should be shareable but it's not, you have the right to contact the bank, request an investigation, and file a complaint if necessary.
Remember, while most accounts should be available for sharing, specific circumstances and bank policies can affect their availability.