Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.12 - MISCELLANEOUS  

Division 2 - Codes of conduct  

Subdivision A - Approved codes of conduct  

SECTION 1101AB   REVIEW OF APPROVED CODES OF CONDUCT  

1101AB(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.

1101AB(2)  
A review under subsection (1) must make provision for public consultation.

1101AB(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.

1101AB(4)  
For the purposes of this section, a review is completed when a report of the review is given to ASIC.

1101AB(5)  
Within 10 business days of completing a review, the applicant must publish the report of the review on its website.


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