INDUSTRY CODES OF PRACTICE

DARLYN SALVADOR

The Association of Certified Bookkeepers Inc. (CBK) was formed to represent the special interests of professional bookkeepers and to provide accreditation for suitably qualified bookkeepers.The CBK is a Not-For-Profit Association formed to assist bookkeepers in their day to day work and to form links with accounting firms and others who may wish to engage the services of a "Certified Bookkeeper".

Bookkeepers have wanted a Professional Association to represent their special interests and needs with government regulators. The CBK was formed to do exactly this

REPRESENTED ON GOVERNMENT FORUMS

The CBK was formed to do exactly this. We lobby and liaise with government departments and tertiary institutions and other organizations that may effect members' interest.

We are committed to growth that will benefit our members and the Bookkeeping Profession in Australia. Our goals include advances in training and education (including distance education) for career advancement and skill development, to support and encourage responsible and accurate bookkeeping practices in Australia, to raise awareness of bookkeeping as a profession in Australia, and to offer resources that will assist our members to succeed in an ever changing environment.

The CBK is passionate about the future of the Bookkeeping Profession and believes that one of our most important roles as a Professional Association is to encompass the interests of our members into the everyday functioning of our organization.

Our role as a Professional Association is to represent our members at every relevant opportunity and we are dedicated to ensuring that we all as professional bookkeepers receive appropriate recognition from our clients, our peers, other professionals, the general community and perhaps most importantly by our own Government Regulators.

Work scheduling Grow your business

faster Improved

Dispatching Amplified

Productivity Increased Efficiency  Scheduling &

Dispatching 

 Billing, Invoicing & Quotes

Work History Tracking

Accounting Integration

Timesheets & Time Tracking

Customer Database (CRM)

CODES OF PRACTICEA number of codes of practice have been developed in the financial services sector. An industry association is not required to seek ASIC

approval of its code, but may choose to do so.

ASIC’s role in codes of practice ASIC has the power to approve codes in the financial services sector. We

have released Regulatory Guide 183 Approval of financial services sector codes of conduct (RG 183), which sets out how we will approve a code of practice.

An approved code of practice should meet a number of criteria, including: a comprehensive body of rules developed in consultation with

stakeholders enforceability against subscribers to the code adequate provisions for dispute resolution, remedies and sanctions effective and independent administration – including compliance

monitoring. To date, no financial services sector codes of practice have been

submitted to ASIC for approval.

Codes of practice developed by industry

ASIC has not approved codes of practice developed by the financial services industry under RG 183, and we do not oversee their administration. However, they are formal codes developed by the financial services industry and may be useful to consumers

Code of Banking Practice

Customer Owned Banking Code of Practice

FPA Code of Professional Practice

General Insurance Code of Practice

Insurance Brokers code of Practice

Code of Banking Practice: Developed by the Australian Bankers’ Association

Customer Owned Banking Code of Practice :Developed by the Customer Owned Banking Association

FPA Code of Professional Practice: Developed by the Financial Planning Association of Australia

General Insurance Code of Practice: Developed by the insurance industry

Insurance Brokers Code of Practice: Developed by the National Insurance Brokers Association of Australia

Australian Financial Markets Association

Code of Ethics

Code of Ethics REPUTATION: It is the

responsibility of Members and Representatives, regardless of experience or position, to ensure that his, her or its actions reflect positively upon the industry. Neither Members nor Representatives shall undertake any action that will bring the reputation of the Australian OTC markets into question or disrepute

RESPECT FOR RULES: Members and Representatives shall act in accordance with all applicable laws, regulations and industry standards. No Member or Representative shall undertake, or assist another to undertake, any action which violates applicable laws, regulations or industry standards

Code of Ethics RESPECT FOR PERSONS:

Members and Representatives shall ensure that their dealings with others exemplify and actively foster an environment of mutual trust and respect. Members and Representatives shall not behave in a manner that is prejudiced, discriminatory or harassing.

CONFIDENTIALITY: Members and Representatives shall protect all information that is sensitive, confidential or private from misuse. A Member or Representative shall only use or disclose such information for the purposes for which it was collected or a permissible secondary use, unless disclosure is otherwise required by law.

Code of Ethics HONESTY: Subject to

the previous principle, Members and Representatives shall be open and truthful, both within an organization and to clients, counterparties and stakeholders, even when that may be difficult or possibly result in loss of business.

FAIRNESS: Members and Representatives shall conduct business in a manner that is objective and impartial. Fairness requires managing one’s own prejudices and interests to ensure that biases or conflicts do not compromise professional conduct

TAX PRACTIONERS BOARDCODE OF CONDUCT

The Code of Conduct is regulates the personal and professional conduct of all registered tax agents, BAS agents and tax (financial) advisers.

CODES OF CONDUCTHonesty and integrity You must act honestly and

with integrity. You must comply with the

taxation laws in the conduct of your personal affairs.

If: you receive money or other property from or on behalf of a client, and you hold the money or other property on trust

you must account to your client for the money or other property.

Independence You must act lawfully in

the best interests of your client.

You must have in place adequate arrangements for the management of conflicts of interest that may arise in relation to the activities that you undertake in the capacity of a registered tax agent, BAS agent or tax (financial) adviser .

 

CODES OF CONDUCTConfidentialityUnless you have a legal duty to do so, you must not disclose any information relating to a client’s affairs to a third party without your client’s permission.

Competence You must ensure that a tax agent

service that you provide, or that is provided on your behalf, is provided competently.

You must maintain knowledge and skills relevant to the tax agent services that you provide.

You must take reasonable care in ascertaining a client’s state of affairs, to the extent that ascertaining the state of those affairs is relevant to a statement you are making or a thing you are doing on behalf of a client.

You must take reasonable care to ensure that taxation laws are applied correctly to the circumstances in relation to which you are providing advice to a client.

AUSTRALIAN BANKERS ASSOCIATION INC.

INDUSTRY STANDARDS

Industry standardsThe ABA works with its members on the development of industry standards, guidelines and protocols in a range of areas relating to market conduct and performance. This self-regulatory approach has proven to be very effective, and has delivered substantial benefits to bank customers.