Code compliance

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Customer-owned banking institutions may need to step up support for consumers experiencing vulnerability as pressures on people increase and ahead of the introduction of more stringent obligations under a new Code of Practice, a new Report says. This is a media release from Customer Owned Banking Code Compliance Committee. It was originally published on 23rd June, 2022.  While saying many…

Read More Report backs greater support for vulnerable customers

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Businesses which supply button batteries or products powered by them must now comply with mandatory button battery safety and information standards taking effect from today or face serious penalties, the ACCC warns. This is a media release from the Australian Competition & Consumer Commission. It was originally published on 22nd June, 2022.  “These world-first standards are a critical…

Read More Businesses on notice as mandatory button battery laws commence

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A new Energy Comparator & Energy Moving Services Customer Code has been launched. Its development was sponsored by The Energy Charter. This is a media release from The Energy Charter. It was originally published on 1st June, 2022.  The aim of the National Customer Code for Energy Comparators and Energy Moving Services is to give customers using these channels confidence that Signatories are…

Read More New Energy Comparator & Energy Moving Services Customer Code

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The independent committee that monitors the Customer Owned Banking Code of Practice (the Code) has released its Annual Data Report. Drawn from breach and complaints data and from detailed discussions with all Code subscribers, the report includes insights, recommendations and examples of good practice. This is a media release from the Customer Owned Banking Code Compliance Committee (COBCCC).…

Read More Customer Owned Banking Code Compliance Committee releases Annual Data Report

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The National Insurance Brokers Association (NIBA) has launched its new Insurance Brokers Code of Practice. This is a media release from the National Insurance Brokers Association (NIBA). It was originally published on 1st March, 2022. Consumers’ Federation of Australia (CFA) made two submissions to the independent review of the Code. NIBA President Dianne Phelan said that “the…

Read More NIBA launches new Insurance Brokers Code of Practice

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The Banking Code Compliance Committee (BCCC) today released a report into how banks provide inclusive and accessible banking services and support customers experiencing vulnerability. This is a media release from the Banking Code Compliance Committee (BCCC). It was originally published on 20th December, 2021. The BCCC’s Inquiry found that: banks have invested significant resources to support customers experiencing vulnerability…

Read More Banks’ support for customers experiencing vulnerability a work in progress

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The independent committee that monitors the Insurance Brokers Code of Practice (the Code) offers key industry insights and guidance in its newly published Annual Data Report for 2020. This is a media release from the Insurance Brokers Code Compliance Committee (IBCCC). It was originally published on 2nd December, 2021. The Insurance Brokers Code Compliance Committee (the Committee) has…

Read More Exploring the ‘why’ of Compliance and the need for culture shift

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The Banking Code Compliance Committee’s (BCCC) Inquiry into Code-subscribing banks’ compliance with Chapter 45 of the Banking Code of Practice (the Code) is one of its current major monitoring activities. The obligations under Chapter 45 of the Code are key consumer protections for the representatives and next of kin of deceased customers. This is a media release from the Banking…

Read More BCCC launches deceased estates Inquiry

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The Banking Code Compliance Committee (BCCC) Annual Report for 2020-21 highlights concerns about banks’ compliance with their guarantees and direct debits obligations under the Banking Code of Practice (the Code). This is a media release from the Banking Code Compliance Committee (BCCC). It was originally published on 8th November, 2021. The BCCC has also shared good practice guidance to improve industry…

Read More Banking Code Committee publishes 2020-21 Annual Report

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Australia’s telecommunications sector has published a strengthened Industry Code to better protect customers from attempted fraudulent transactions. This is a media release from Communications Alliance. It was originally published on 13th October, 2021. The Communications Alliance code – C666:2021 Existing Customer Authentication – provides an improved framework to authenticate the identity of customers making transactions involving their telecommunications…

Read More New Telco Industry Code Fights Customer Transaction Fraud

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The Australian Communications and Media Authority (ACMA) has welcomed today’s announcement by the Digital Industry Group Inc. (DIGI) of additional accountability measures for digital platforms in Australia. ACMA Chair Nerida O’Loughlin said DIGI has taken an important step by launching the public complaints portal, which will support digital platforms’ compliance with the Australian Code of Practice…

Read More Digital platforms complaints process a positive step

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Productive and successful year for life insurance compliance body The Life Code Compliance Committee (the Committee) – the independent Committee which monitors and enforces industry compliance with the customer service standards set out in the Life Insurance Code of Practice (the Code) – today released its Annual Report for 2020–21. This is a media release from the Life Code Compliance…

Read More Life CCC publishes its Annual Report for the 2020-21 financial year