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The Customer Owned Banking Code of Practice

The Customer Owned Banking Code of Practice

The Customer Owned Banking Code of Practice (Code) is the code of practice for Australia’s mutual banks, credit unions and building societies.

The Code is an important public expression of the value we place on improving the financial wellbeing of our individual members and their communities.
It outlines clearly and transparently what a member can expect when dealing with us.

The Customer Owned Banking Code of Practice

The Customer Owned Banking Code of Practice (Code) is the code of practice for Australia’s mutual banks, credit unions and building societies.

The Code is an important public expression of the value we place on improving the financial wellbeing of our individual members and their communities.

It outlines clearly and transparently what a member can expect when dealing with us.

Our promises to you

We will comply with this Code in our dealings with you.

Our Code obligations include the following key promises that we make to you as our members and owners

  1. We will deliver banking service in the interests of our members
  2. We will obey the law
  3. We will not mislead or deceive
  4. We will act honestly and fairly
  5. We will offer products and services that are fit for general purpose
  6. We will deliver services with reasonable care and skill
  7. We will contribute to our community

The Code is administered by the Code Compliance Committee, an independent committee established to monitors and oversee compliance with the Code. Their purpose is to ensure that we as subscribers of the Code meet consistent and high-quality service standards are maintained for the benefit of customers.

They do this by monitoring Code compliance, engaging with stakeholders and analysing the financial services environment.

If you have a complaint about our compliance with the Customer Owned Banking Code of Practice you can contact:

The Code Compliance Committee 

Mail: PO Box 14240 Melbourne VIC 8001
Phone: 1800 931 678
Email: [email protected] 

Find out more

You can download the complete Customer Owned Banking Code of Practice or you can request a copy to be mailed to you.

Read more about the Code of Practice