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The protocol complements the ASIC Reference Checking and Information Protocol,1 which superseded the ABA Financial Adviser Reference Checking & Information Sharing Protocol from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.
Love is in the air, but so are scammers looking to exploit the season of hearts and flowers. As Valentine’s Day approaches, the Australian Banking Association (ABA) urges everyone to be extra cautious and scam-proof their heart from romance scams and other fraudulent schemes. “Scammers play the part and prey on people’s emotions,” ABA CEO… Read more »
Banks have dedicated hardship teams on standby to help those impacted by Tropical Cyclone Kirrily and the Australian Banking Association has urged those in need of financial assistance to reach out. “With the second major cyclone in as many months followed by torrential rain, people in Queensland have been dealt yet another serious blow. I… Read more »
Today the Australian Banking Association has told Queenslanders impacted by major flooding as a result of cyclone Jasper that banks have teams on standby to help those in need. “The ABA urges anyone in need of financial assistance to reach out to their bank, and to do so as early as possible. Dedicated hardship teams… Read more »