Review of the Code of Banking Practice 2007-08

Clause 5 of the Code empowers the ABA to commission an independent and transparent review of the Code every 3 years or sooner if appropriate, with the review conducted in consultation with:

  • Banks which adopt the Code;
  • consumer organisations;
  • other interested industry associations;
  • relevant regulatory bodies; and
  • other interested stakeholders.

A review of the Code was conducted by an Independent Reviewer, Jan McClelland and her final report was released on 16 December 2008. A copy of the final report is available here. If you would like to read more about the review, please click here.

The ABA also provides quarterly updates on the implementation process to update the Code. Please click here for the progress reports.