238CReview of approved codes of conduct

238C  Review of approved codes of conduct  (1) The applicant, in relation to an approved code of conduct, must ensure that, every 5 years, an independent review is undertaken of the operation of the approved code of conduct.  (2) A review under subsection (1) must make provision for public consultation.  (3) A review of an approved code of conduct must be completed:  (a) for the first review—before the end of the 5 year period beginning on the day the code of conduct was approved; and  (b) for a subsequent review—within 5 years after the completion of the previous review.  (4) For the purposes of this section, a review is completed when a report of the review is given to ASIC.  (5) Within 10 business days of completing a review, the applicant must publish the report of the review on its website.