National Consumer Credit Protection Act 2009
View history note
Hide history noteThe regulations may prescribe a code of conduct for the purposes of this Division and declare it to be a mandatory code of conduct.
238F(2)
Regulations declaring a code of conduct a mandatory code of conduct may also: (a) confer functions and powers on a person or body for the purposes of:
(i) monitoring compliance with the code of conduct; and
(ii) dealing with disputes or complaints arising under, or in relation to, the code of conduct; and
(b) provide for and in relation to:
(iii) dealing with other associated administrative matters; or
(i) the keeping of records by persons bound by the code of conduct; and
(ii) reporting obligations of such persons.
238F(3)
If regulations prescribe a code of conduct, the code of conduct may prescribe pecuniary penalties not exceeding 1,000 penalty units for civil penalty provisions of the code of conduct.
238F(4)
To avoid doubt, subsections 167B(1) and (2) do not apply in relation to the contravention of a civil penalty provision of a mandatory code of conduct.
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