ASIC Corporations (Revocation of Approval of March 2020 Banking Code of Practice) Instrument 2024/522

The Australian Securities and Investments Commission makes the following legislative instrument.

Date 26 June 2024

The common seal of the Australian   )
Securities and Investments Commission  )
was affixed in accordance with a decision )

of the Australian Securities and Investments  )

Commission made on 25 June 2024.  )

and affixed by:     in the presence of:

……………………………………..                          ………………………………….

Hsiao-Ni (Sharni) Axtens    Michael Santos

Commission Secretary                       Senior Adviser

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

4 Definitions

Part 2—Revocation

5 Revocation of approval of the March 2020 Banking Code of Practice

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Revocation of Approval of March 2020 Banking Code of Practice) Instrument 2024/522.

2 Commencement

This instrument commences on 28 February 2025.

3 Authority

This instrument is made under paragraph 1101A(4)(a) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

March 2020 Banking Code of Practice means the Banking Code of Practice (within the meaning of section 1672 of the Act) that is taken to be approved under section 1101A of the Act because of section 1672 of the Act.

Part 2—Revocation

5 Revocation of approval of the March 2020 Banking Code of Practice

(1) Approval of the March 2020 Banking Code of Practice is revoked.

(2) The ASIC Corporations (Approval of March 2020 Banking Code of Practice) Instrument 2019/1255 is revoked.