Independent review of the Code Compliance Monitoring Committee

The Code Compliance Monitoring Committee (CCMC) has today released details of the independent review of its activities, to coincide with the review of the 2013 Code of Banking Practice (the Code) by the Australian Bankers Association.

 

The CCMC is the independent compliance monitoring body established under clause 36 of the Code. The CCMC’s powers and functions are set out in its Mandate, which is published by the ABA together with the Code.

 

Mr Phil Khoury, of Cameronralph Navigator, has been appointed to conduct the review of the CCMC. Mr Khoury has also been appointed by the ABA to conduct the independent review of the Code.

 

The Terms of Reference for the independent review of the CCMC are available to view on the CCMC’s website and the website of the independent reviewer www.ccmcreview.cameronralph.com.au.

 

Mr Khoury will consult with banks, consumer and small business organisations, regulators, external dispute resolution schemes and other stakeholders in conducting the review.

 

The public is invited to make submissions on any of the matters outlined in the Terms of Reference. Submissions are requested by 19 August 2016 and can be sent to ccmcreview@cameronralph.com.au.

 

Please consult www.ccmcreview.cameronralph.com.au for any other information relating to the review of the CCMC.