Code compliance

Post thumbnail

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

Post thumbnail

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

Post thumbnail

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

Post thumbnail

The nation’s peak body for consumer organisations, the Consumers’ Federation of Australia (CFA), says grocery retailers should use new revised ACCC guidelines on the provision of unit pricing to make it much easier for their customers to notice, read, understand and use unit prices. Effective unit pricing (pricing per unit of measure) greatly assists shoppers…

Read More Peak consumers group calls on supermarkets to use new guidelines to save shoppers money

Post thumbnail

The Banking Code Compliance Committee (BCCC) today released a report indicating that banks would comply with their direct debit obligation under the Banking Code of Practice (the Code) in only 71% of cases. In March 2021, the BCCC conducted a mystery shopping exercise into banks’ compliance with their obligation to promptly cancel a customer’s direct debit on…

Read More Banking Code Committee concerned by direct debits compliance

Post thumbnail

The independent committee that monitors the Customer Owned Banking Code of Practice (the Code) has released its Annual Report for a year marked by the ongoing challenges arising from the COVID-19 pandemic and expectations of the financial services industry to embed extensive regulatory changes stemming from the Financial Services Royal Commission. This is a Customer…

Read More Customer Owned Banking Code Compliance Committee releases Annual Report for 2020-21

Post thumbnail

Represent the consumer or community perspective on the Insurance Brokers Code Committee who monitor and enforce compliance with the Insurance Brokers Code of Practice. Initial term of 3 years with eligibility for re-appointment Annual salary of $27,050 inclusive of super About the opportunity The Insurance Brokers Code Compliance Committee (IBCCC) is an independent body that…

Read More Consumer Representative opportunity: Insurance Brokers Code Compliance Committee

Post thumbnail

A coalition of the country’s leading consumer organisations is calling on Australia’s major banks to make significant updates to their industry code to improve outcomes for customers. The Consumers’ Federation of Australia’s (CFA) submission of behalf of the coalition to the 2021 review of the Australian Banking Association (ABA) Banking Code of Practice (the Code)…

Read More Banks can do better: Consumer groups make more than 100 recommendations to improve bank behaviour

Post thumbnail

The independent committee that monitors the Insurance Brokers Code of Practice (the Code) has released its Annual Report for 2020–21, a year marked by the continued impact and disruptions of COVID-19, the torrent of legislation following the Financial Services Royal Commission and the unprecedented risk challenges facing the insurance industry. This is an Insurance Brokers Code…

Read More Insurance Brokers Code Compliance Committee releases Annual Report for 2020–21

Post thumbnail

In a report released on the 11th of August, the Banking Code Compliance Committee (BCCC) highlighted serious concerns about banks’ failure to consistently comply with the 2013 Code’s guarantee obligations. This is a Banking Code Compliance Committee (BCCC) media release, originally published on 11th August, 2021. For the first time in a BCCC Inquiry, a sub-set of…

Read More Banking Code Compliance Committee critical of banks’ guarantees practices

Post thumbnail

Australia ranks 11/180 in the Transparency International Corruption Perceptions Index 2020 (-8 since 2012) and safeguarding against loss or having any connection to corruption is a key responsibility of all organisations. Managing the fraud and corruption risk to business is a governance issue and the recently published Australian standard is intended to apply to all organisations operating…

Read More Fraud and corruption control in your organisation