{"id":"F2019L01636","name":"ASIC Corporations (Approval of March 2020 Banking Code of Practice) Instrument 2019/1255","slug":"asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":440340,"registerId":"F2019L01636-fast-fetch-1775956007576","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Approval of March 2020 Banking Code of Practice) Instrument 2019/1255","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Corporations (Approval of March 2020 Banking Code of Practice) Instrument 2019/1255\n\nI, Sean Hughes, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  13 December 2019\n\n \n\nSean Hughes\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc27037415)\n\n[1 Name of legislative instrument](#_Toc27037416)\n\n[2 Commencement](#_Toc27037417)\n\n[3 Authority](#_Toc27037418)\n\n[4 Definitions](#_Toc27037419)\n\n[Part 2—Approval](#_Toc27037420)\n\n[5 Approval of March 2020 Banking Code of Practice](#_Toc27037421)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Approval of March 2020 Banking Code of Practice) Instrument 2019/1255.\n\n2 Commencement\n\nThis instrument commences on the day after it is registered on the Federal Register of Legislation.\n\nNote: The register may be accessed at [www.legislation.gov.au](http://www.legislation.gov.au).\n\n3 Authority\n\nThis instrument is made under subsection 1101A(1) of the Corporations Act 2001.\n\n4 Definitions\n\nIn this instrument:\n\nMarch 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).\n\nNote: The March 2020 Banking Code of Practice, under its terms, takes effect from 1 March 2020.\n\n\n\n\nPart 2—Approval\n\n5 Approval of March 2020 Banking Code of Practice\n\nThe March 2020 Banking Code of Practice is approved.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2088},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs precisely the narrow function authorised by its enabling provision—approving a specific version of the Banking Code. There is no evidence of scope creep; it does not expand beyond the administrative act of approval into substantive rule-making."},"complexity_factors":["Single operative provision (section 5) containing only five words: 'The March 2020 Banking Code of Practice is approved'","Only one defined term, which simply points to an external document published by the Australian Banking Association","No conditional logic, exceptions, or layered definitions","No cross-references to other legislative provisions except the enabling power (Corporations Act s 1101A(1))"],"plain_english_summary":"ASIC formally approves the March 2020 Banking Code of Practice, turning the industry’s consumer promise into a legally binding code for banks that have signed up.  \n\nThat makes the Code’s stronger protections for small business borrowers, farmers and people giving guarantees enforceable by ASIC — including court action and fines — rather than mere voluntary commitments."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255","history":"/api/acts/asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255/history","analysis":"/api/acts/asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255/analysis","conflicts":"/api/acts/asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255/conflicts","importantCases":"/api/acts/asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255/important-cases","documents":"/api/acts/asic-corporations-approval-of-march-2020-banking-code-of-practice-instrument-2019-1255/documents"}}