Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 1101AB

Review of approved codes of conduct

  (1)   The applicant, in relation to an approved code of conduct, must ensure that, every 5 years, an independent review is undertaken of the operation of the approved code of conduct.

  (2)   A review under subsection   (1) must make provision for public consultation.

  (3)   A review of an approved code of conduct must be completed:

  (a)   for the first review--before the end of the 5 year period beginning on the day the code of conduct was approved; and

  (b)   for a subsequent review--within 5 years after the completion of the previous review.

  (4)   For the purposes of this section, a review is completed when a report of the review is given to ASIC.

  (5)   Within 10 business days of completing a review, the applicant must publish the report of the review on its website.


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