Improved WaterMark Scheme
The ABCB is continuing to develop the key documentation and system improvements following the launch of the improved single level WaterMark Scheme on 1 July 2016 and in the lead up to progressive implementation from 1 August 2017.
The final version of the improved WaterMark Scheme Rules was anticipated to be published on 1 January 2017. Publication has been delayed as the ABCB is awaiting Australian Competition and Consumer Commission approval of the document.
It is important to note that many of the changes are administrative and procedural in nature, affecting in the main the ABCB as Administrator of the Scheme, the State and Territory regulators who are responsible for the Scheme’s compliance, and the WaterMark Conformity Assessment Bodies in the way in which they certify products.
Features of the improved Scheme will be implemented over a period of time to allow for industry adjustment and transitional arrangements for products affected by the Scheme. For more details on the improved single level WaterMark Scheme refer to Implementation and Transition below.
The ABCB continues to engage with representatives of stakeholder groups in the development and implementation of aspects of the Scheme.