National Consumer Credit Protection Act 2009

CHAPTER 5 - ADMINISTRATION  

PART 5-5 - OTHER ADMINISTRATIVE MATTERS  

Division 1A - Codes of conduct  

Subdivision A - Approved codes of conduct  

SECTION 238C   REVIEW OF APPROVED CODES OF CONDUCT  

238C(1)    
The applicant, in relation to an approved code of conduct, must ensure that, every 5 years, an independent review is undertaken of the operation of the approved code of conduct.

238C(2)    
A review under subsection (1) must make provision for public consultation.

238C(3)    
A review of an approved code of conduct must be completed:

(a)    for the first review - before the end of the 5 year period beginning on the day the code of conduct was approved; and

(b)    for a subsequent review - within 5 years after the completion of the previous review.

238C(4)    
For the purposes of this section, a review is completed when a report of the review is given to ASIC.

238C(5)    
Within 10 business days of completing a review, the applicant must publish the report of the review on its website.