(1) The following provisions have effect:
(a) the Banking Code of Practice , whose approval by ASIC was registered on the Federal Register of Legislation on 18 December 2019, is taken to be approved under section 1101A, as substituted by Schedule 1 to the Financial Sector Reform (Hayne Royal Commission Response) Act 2020 ;
(b) Division 2 of Part 7.12, as inserted by that Schedule to that Act, applies to the Banking Code of Practice .
(2) In this section:
"Banking Code of Practice" means the Banking Code of Practice , published on 12 December 2019 by the Australian Banking Association Incorporated (ABN 60 117 262 978).
Note: The Banking Code of Practice could in 2020 be viewed on the Australian Banking Association's website (http://www.ausbanking.org.au).