Banking Code of Practice 2025

ABA member banks bound by the Banking Code — fair conduct + dispute resolution requirements.

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Who must comply

All ABA members + any bank that voluntarily subscribes.

What triggers it

Bank-customer relationship establishment.

When due

Continuous compliance + annual self-assessment.

Evidence required

Internal compliance framework + BCCC reporting + customer remediation.

Max penalty

Effective from

28 February 2025

Summary

Banking Code of Practice 2025 (in force 28 February 2025). Replaces 2021 Code. Customer-owned banks have their own Code. AFCA enforces Code commitments alongside ASIC + ABA Banking Code Compliance Committee (BCCC).

Enforced by

Topics

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Source: https://www.ausbanking.org.au/banking-code/. Rules Mate is not a law firm. Always verify against the live regulator source before acting.