ASIC Corporations (Approval of Variation of March 2020 Banking Code of Practice) Instrument 2021/11 (Cth)

ASIC Corporations (Approval of Variation of March 2020 Banking Code of Practice) Instrument 2021/11 I, Joanna Bird, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 07 January 2021

Joanna Bird

Contents

Part 1—Preliminary 1 Name of legislative instrument 2 Commencement 3 Authority 4 Definitions Part 2—Approval of variation 5 Approval of variations of the March 2020 Banking Code of Practice Schedule 1—Variations to the March 2020 Banking Code of Practice

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Approval of Variation of March 2020 Banking Code of Practice) Instrument 2021/11.

2 Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation. Note: The register may be accessed at www.legislation.gov.au.

3 Authority This instrument is made under subsection 1101AA(1) of the Corporations Act 2001 (Act).

4 Definitions In this instrument: March 2020 Banking Code of Practice means the Banking Code of Practice, published on 12 December 2019 by the Australian Banking Association Incorporated (ABN 60 117 262 978). Note 1: The March 2020 Banking Code of Practice is taken to be approved under section 1101A of the Act by operation of section 1672 of the Act. Note 2: The March 2020 Banking Code of Practice, under its terms, took effect from 1 March 2020.

Part 2—Approval of variation

5 Approval of variations of the March 2020 Banking Code of Practice (1) Variation of the March 2020 Banking Code of Practice by making the amendments that are specified in the items in the Schedule to this instrument (regardless of their formatting) is approved. (2) The approval in subsection (1) applies: (a) in relation to item 1 in the Schedule to this instrument—on and from the day this instrument commences; and (b) in relation to items 2 to 5 in the Schedule to this instrument—on and from 1 March 2021; and (c) in relation to item 6 in the Schedule to this instrument—on and from 5 October 2021.