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ARCA, ABA review Codes The treatment of joint accounts and the sensitive topic of financial abuse feature in an overhaul of the Credit Reporting Code. The Australian Retail Credit Association yesterday published proposed changes to the Code and is now undertaking public consultation. The Australian Banking Association this morning also announced it has commissioned an independent review of the Banking Code of Practice and the review is now calling for submissions. The National Consumer Credit Protection Amendment (Mandatory Credit Reporting and Other Measures) Act 2021 was passed in February 2021 and provided for a new form of ‘financial hardship information’ to be included in the credit reporting system from 1 July 2022.

Mike callaghanAustralian banking associationNational consumer credit protection amendment mandatoryCommonwealth grants commissionAustralian retail credit associationAustralian financial complaint authorityBanking codeNational consumer credit protection amendmentMandatory credit reportingCommonwealth grantsமைக் காலகன்ஆஸ்திரேலிய வங்கி சங்கம்தேசிய நுகர்வோர் கடன் ப்ரொடெக்ஶந் திருத்தம் கட்டாயமாகும்காமன்வெல்த் மானியங்கள் தரகுஆஸ்திரேலிய சில்லறை கடன் சங்கம்ஆஸ்திரேலிய நிதி புகார் அதிகாரம்