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The protocol complements the ASIC Reference Checking and Information Protocol,1 which superseded the ABA Financial Adviser Reference Checking & Information Sharing Protocol from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
Steve Austin Well as you know, the Commonwealth Government has made it clear they consider access to cash a priority for the Australian economy and the country’s largest banks, as well as Coles, Woolworths, companies like Wesfarmers and Australia Post have been trying to put together a short term lifeline for Armaguard, who’s the company… Read more »
Natalie Barr And to the cash emergency hitting our country. Emergency talks are being held this week, with our top banks preparing for a potential cash crash. It comes as Australia’s key money supplier Armaguard fights to stay afloat. Spearheaded by the Australian Banking Association, the banks are now pulling together a contingency plan to… Read more »
The Australian Banking Association acknowledges Linfox Armaguard (LFA)’s statement that they won’t be taking up the offer of financial support from a collective of banks, retailers and supermarkets. We welcome Armaguard’s commitment that they will continue to operate and have secured funds from their parent company to maintain their full suite of services. Australia’s largest… Read more »