Enforceability of financial services industry codes

This consultation process has now been completed. Submissions available
Consultation Type
Consultation Paper

Key Documents

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry recommended that certain provisions of financial sector codes should be ‘enforceable code provisions’ (see recommendation 1.15).

In its response to the Royal Commission, the Government agreed to this recommendation to provide the Australian Securities and Investments Commission (ASIC) with additional powers to approve and enforce code provisions.

This consultation paper sets out a series of questions which will inform the development of legislation to enact the Government’s commitment to implement recommendation 1.15.


42 submissions were received for this consultation, including 2 confidential submissions.

AIA Australia - pdf 199.13 KB
Australian Finance Group - pdf 265.51 KB
Banking Finance Oath - pdf 134.66 KB
CHOICE - pdf 197.21 KB
CPA Australia - pdf 46.37 KB
Finance Sector Union - pdf 189.09 KB
Finity - pdf 145.92 KB
FINSIA - pdf 249.03 KB
Law Council of Australia - pdf 310.26 KB
Legal Aid Queensland - pdf 165.36 KB
Marketlend - docx 48.12 KB
Maurice Blackburn - pdf 738.24 KB
Peter R Boland - pdf 11.43 MB
Slater and Gordon - pdf 784.26 KB
Suncorp - pdf 167.06 KB