706Registration of industry codes of practice

706 Registration of industry codes of practice

706 Registration of industry codes of practice

(1) The Regulator may register an industry code of practice for the purposes of this Law prepared in accordance with guidelines in force under section 705.

(2) The registration must be subject to the following conditions imposed by the Regulator—

(a) that the industry code of practice must be reviewed after a stated period;

(b) that a stated person, or a person of a stated class, must be appointed to maintain the industry code of practice and ensure it is updated following changes to best practice methods for the industry to which it relates;

(c) that the industry code of practice must be updated following changes to the guidelines for the preparation and content of the industry code of practice in force under section 705.

(3) The registration may be subject to other conditions the Regulator considers appropriate.

(4) Subsection (5) applies if—

(a) a condition applying to the registration of an industry code of practice is contravened; or

(b) the guidelines in force under section 705 about the preparation and content of an industry code of practice are changed and a registered industry code of practice does not comply with the guidelines as amended.

(5) The Regulator may—

(a) amend the conditions of the registration, including by adding new conditions; or

Example of a condition for the purposes of paragraph (a)—

that the registered industry code of practice be amended in a stated way to reflect a change to the guidelines for the preparation and content of the code of practice in force under section 705

(b) cancel the registration.

(6) Conditions mentioned in subsection (2) can be amended under subsection (5) so long as the amended conditions conform with subsection (2), but cannot otherwise be amended.

(7) The Regulator incurs no liability for loss or damage suffered by a person because the person relied on a registered industry code of practice.