I, Sean Hughes, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date                13 December 2019

Contents

Part 1—Preliminary  3

1    Name of legislative instrument 3

2    Commencement 3

3    Authority. 3

4    Definitions. 3

Part 2—Approval 4

5    Approval of March 2020 Banking Code of Practice. 4

Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Approval of March 2020 Banking Code of Practice) Instrument 2019/1255.

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 1101A(1) of the Corporations Act 2001.

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: The March 2020 Banking Code of Practice, under its terms, takes effect from 1 March 2020.

Part 2—Approval

5        Approval of March 2020 Banking Code of Practice

The March 2020 Banking Code of Practice is approved.