As part of the migration to the new system, ASX will map all Australian and New Zealand addresses fully into the new standards.
For all remaining foreign addresses, ASX will not be migrating Town Name, State and Postcode into the specific ISO 20022 fields. This is due to the fact current addresses are not sufficiently structured to undertake this mapping.
Instead ASX will map Town Name, State and Postcode in their current format into available address lines 1, 2 and 3.
The Town Name is currently mandatory in the acct_002 ISO message. ASX will now make this optional.
For the Creation of new Accounts and Modification to existing accounts, the Town Name will remain mandatory. So where a Sponsoring Participant either creates a new account (acct_001) or updates an existing account (acct_003) in the future, the Town Name must be supplied.