New Banking Code of Practice – are you compliant?

Are you compliant with the NEW Banking Code of Practice?
Are you dealing with companies who are compliant?

The latest version of The Banking Code of Practice is now in effect. The latest version includes the following:

Chapter 24:
When we appoint external property valuers, investigative accountants and insolvency practitioners

Section 91:
We will only appoint appropriately qualified and experienced valuers who are members of professional organisations which abide by a similar code of practice.

As the only Australian professional organisation dedicated to Auctioneers and Valuers, with a code of conduct, an AVAA member can help you meet the new banking code of conduct requirements.

The Banking Code of Practice (the Code) sets out the standards of practice and service in the Australian banking industry for individual and small business customers, and guarantors.

The complete Banking Code of Practice can be found here.

For more information please email natsec@avaa.com.au.

2019-08-08T10:50:43+00:00August 8th, 2019|Announcements, Legislation|