22 January 2021
The Banking Industry Conduct Background Check Protocol is intended to promote good conduct and ethical behaviour by formalising obligations for protocol Subscribers to ask a series of fact-based questions as part of the hiring process about whether the individual is subject to an ongoing Misconduct Investigation, or was dismissed or resigned in specific circumstances relating to Misconduct, so they can make their own informed recruitment decisions.
The protocol complements the ASIC Reference Checking and Information Protocol,1 which superseded the ABA Financial Adviser Reference Checking & Information Sharing Protocol from
1 October 2021.
This protocol sets minimum standards for Subscribers regarding:
• A reciprocal obligation for Subscribers to request the Conduct Background Check for prospective Employees, and to respond to those requests for current Employees and former Employees who worked for the Subscriber at any time within the Request Period
• Standard format, process and timeframes for requesting and responding to Conduct Background Checks
• Fact-based, Conduct Background Check questions, and
• Related record keeping and confidentiality obligations.
Latest news
The Australian Banking Association welcomes the release today of a new report from the National Anti-Scam Centre showing that industry and government measures to tackle scams are protecting more Australians. The latest quarterly report shows that overall scam losses in the 2023 December quarter were down by 43% compared to the same quarter last year. … Read more »
The Australian Banking Association welcomes the Federal Government’s decision to introduce a financial sector regulatory initiatives grid. ABA CEO Anna Bligh said providing a clearer picture of the future regulatory landscape would allow the Government to implement policy initiatives whilst at the same time reducing the compliance burden on industry. “Banks recognise that regulation is vitally important… Read more »
This International Women’s Day, the Australian Banking Association has reaffirmed the sector’s unwavering commitment to protecting women’s financial safety and security. In Australia, one in six women will experience financial abuse over the course of their lifetime. The 2024 IWD theme “Count Her In” is an opportunity to talk about the types of financial abuse… Read more »