{"id":"F2019L01635","name":"ASIC Corporations (Banking Code of Practice – Revocation of June 2019 Approval) Instrument 2019/1254","slug":"asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":440341,"registerId":"F2019L01635-fast-fetch-1775956007575","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Corporations (Banking Code of Practice – Revocation of June 2019 Approval) Instrument 2019/1254","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 (Banking Code of Practice – Revocation of June 2019 Approval) Instrument 2019/1254\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\n \n\nContents\n\n[Part 1—Preliminary](#_Toc27037201)\n\n[1 Name of legislative instrument](#_Toc27037202)\n\n[2 Commencement](#_Toc27037203)\n\n[3 Authority](#_Toc27037204)\n\n[4 Definitions](#_Toc27037205)\n\n[Part 2—Revocation](#_Toc27037206)\n\n[5 Revocation of approval of the June 2019 Banking Code of Practice](#_Toc27037207)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Corporations (Banking Code of Practice – Revocation of June 2019 Approval) Instrument 2019/1254.\n\n2 Commencement\n\nThis instrument commences on 1 March 2020.\n\n \n\n3 Authority\n\nThis instrument is made under paragraph 1101A(4)(a) of the Corporations Act 2001.\n\n4 Definitions\n\nIn this instrument:\n\nJune 2019 Banking Code of Practice means the Banking Code of Practice, published on 24 June 2019 by the Australian Banking Association Incorporated (ABN 60 117 262 978) and approved under subsection 1101A(1) of the Corporations Act 2001 by ASIC Corporations (Approval of Banking Code of Practice) Instrument 2019/663.\n\nPart 2—Revocation\n\n5 Revocation of approval of the June 2019 Banking Code of Practice\n\nApproval of the June 2019 Banking Code of Practice is revoked.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1668},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument performs exactly the narrow administrative function described in its title—revoking the previous approval of the June 2019 Banking Code. No expansion of scope beyond this specific cancellation action."},"complexity_factors":["Single operative provision (section 5) containing only 6 words: 'Approval... is revoked'","Only 1 defined term ('June 2019 Banking Code of Practice')","No conditional language, exceptions, or 'if/then' logic","Total length is 3 short sections plus definitions","No substantive cross-references to other legislation (other than standard authority citation)"],"plain_english_summary":"This instrument withdraws ASIC’s approval of the June 2019 Banking Code of Practice, effective 1 March 2020. From that date, banks can no longer rely on the specific legal protections that came with ASIC’s approval of that version.\n\nPrimarily a housekeeping move, it prevents firms operating under an outdated approved code—often because the industry has adopted a newer code or different compliance approach."}},"importantCases":[],"_links":{"self":"/api/acts/asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254","history":"/api/acts/asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254/history","analysis":"/api/acts/asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254/analysis","conflicts":"/api/acts/asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254/conflicts","importantCases":"/api/acts/asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254/important-cases","documents":"/api/acts/asic-corporations-banking-code-of-practice-revocation-of-june-2019-approval-instrument-2019-1254/documents"}}