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Co-op Advocacy : Australia Last Updated: Nov 28, 2009 - 10:00:09 AM  RSS feed


Mutual Banking Code of Practice
By David Griffiths
May 28, 2009 - 4:49:01 PM

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A mutual banking code of practice has been developed by credit unions and mutual building societies in Australia. The Mutual Banking Code of Practice will apply from 1 July 2009.

Over 4 million Australians are members of credit unions and mutual building societies.

Abacus - Australian Mutuals believes that the code establishes a strong benchmark for industry and is a clear statement of the commitment credit unions and mutual building societies make to their members.

The code establishes higher standards than the law requires in a range of areas and addresses issues not addressed by the law.

Mutual Banking Code of Practice
http://www.mutualcode.org.au







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