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Mutuals Code of Practice

Abacus has released the final draft Mutuals Code of Practice (pdf) together with copies of the submissions received by Abacus on its first draft and an explanatory document that summarises the major changes made to the original draft and the rationale for those changes (here) .

Further details about Code Monitoring and inclusion of the account switching requirements announced by the Treasurer Wayne Swan in February 2008 will be included in the Code over the next few months.

All additions to the Code will be finalised in the latter part of 2008 and the Code will come into effect in June 2009.

Full post as published by Australian Regulatory Compliance Review on June 29, 2008 (boomark / email).