CHAPTER 10
-
TRANSITIONAL PROVISIONS
PART 10.45
-
TRANSITIONAL PROVISIONS RELATING TO THE FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE) ACT 2020
History
Pt 10.45 inserted by No 135 of 2020, s 3, Sch 1
[
8] (effective 1 January 2021).
SECTION 1672
TRANSITIONAL
-
BANKING CODE OF PRACTICE
1672(1)
The following provisions have effect:
(a)
the
Banking Code of Practice
, whose approval by ASIC was registered on the Federal Register of Legislation on 18 December 2019, is taken to be approved under section
1101A
, as substituted by Schedule 1 to the
Financial Sector Reform (Hayne Royal Commission Response) Act 2020
;
(b)
Division
2
of Part
7.12
, as inserted by that Schedule to that Act, applies to the
Banking Code of Practice
.
1672(2)
In this section:
Banking Code of Practice
means the
Banking Code of Practice
, published on 12 December 2019 by the Australian Banking Association Incorporated (ABN 60 117 262 978).
Note: The
Banking Code of Practice
could in 2020 be viewed on the Australian Banking Association
'
s website (http://www.ausbanking.org.au).
History
S 1672 inserted by No 135 of 2020, s 3, Sch 1
[
8] (effective 1 January 2021).