The Minister may make a code for each regulated sector.

Each code is to include sector - specific provisions for the following overarching principles of the Scams Prevention Framework (see Subdivisions B, C, D, F and G of Division   2):

  (a)   SPF principle 1--governance;

  (b)   SPF principle 2--prevent;

  (c)   SPF principle 3--detect;

  (d)   SPF principle 5--disrupt;

  (e)   SPF principle 6--respond.

Requirements in a code can be civil penalty provisions. The relevant SPF sector regulator will monitor, investigate and enforce compliance with these provisions. Division   6 sets out remedies for non - compliance with these provisions.