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Showing 1 - 10 of 10 results for "Banking Code of Practice"

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA | MONDAY, 15 SEP 2025

... issue in 2022, and took over a year to resolve it. In July 2024, ANZ was sanctioned for breaches of the Banking Code of Practice by the Banking Code Compliance Committee. Some 18,900 customer accounts have been remediated $3.8 million for fees ANZ did ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY | THURSDAY, 14 MAY 2020

... consumer credit insurance, worked with industry to incorporate a four-day deferred sales period into the Banking Code of Practice and the General Insurance Code of Practice, and set out guidance for all lenders who sell consumer credit insurance.

ABA moves to protect vulnerable customers

ELIZABETH MCARTHUR | WEDNESDAY, 20 MAR 2019

... industry guidelines aiming to better support vulnerable customers. These guidelines will complement the Banking Code of Practice and will be launched later this year. The guidelines will signify a commitment to ensure customers who find themselves in ...

Banks vow to end grandfathered commissions

KANIKA SOOD | WEDNESDAY, 10 OCT 2018

... new legislative changes to the Future of Financial Advice (FoFA) reforms. It is also overhauling its banking code of practice to stop banks from charging fees to deceased client, as it moves towards ending fees for no service across the industry. "In ...

Industry body rejects ABA banking code

KANIKA SOOD | MONDAY, 10 SEP 2018

... executive Anna Bligh's call for mutual banks, credit unions and building societies to adopt the ABA's new banking code of practice has been labelled "gratuitous" by an industry body which says a better code of practice is already in place to protect ...

New code should apply to all: ABA

HARRISON WORLEY | FRIDAY, 7 SEP 2018

The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...

ABA appoints deputy chair

KANIKA SOOD | FRIDAY, 29 JUN 2018

... reform initiatives such as the Better Banking Reform Program, which included a complete rewrite of the Banking Code of Practice. There is no doubt his wise counsel and guidance will be missed by all ABA member banks," ABA said in a statement. Before ...

ABA makes new code compulsory

KANIKA SOOD | MONDAY, 26 MAR 2018

... wishing to be members of the Australian Banking Association (ABA) will now have to sign up for its revamped Banking Code of Practice, which is currently awaiting ASIC's nod of approval. The new code will be binding, enforceable by law and will be monitored ...

Panel to review financial services complaints system

DARREN SNYDER | THURSDAY, 5 MAY 2016

... expertise in financial services regulation and competition policy, including as a previous member of the Banking Code of Practice's compliance committee. Alan Kirkland - Has been the chief executive of Choice for the past three-and-a-half years and has ...

Govt lifts financial hardship threshold

WWW.THESHEET.COM | MONDAY, 27 APR 2009

... vary contracts where a customer is in a position of hardship, an obligation imposed by changes to the Banking Code of Practice. The proposed change in the national consumer credit law, which is yet to go before parliament, may rope in additional borrowers ...

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Editor's Choice

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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