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COVID-19: Temporary changes to Banking Code of Practice

Content updates

The Code of Banking Practice has also been hit by COVID-19, with some temporary changes to the Code coming into force from 1 July 2020. The changes relax the strict timing requirements for some customer notices and communications and also enable banks to take into account the economic and practical issues arising from COVID-19 when assessing small business loan applications.

See Practical Law’s free article for more information about these changes.

Skye Balasingham photo
By Skye Balasingham
Senior Writer, Banking and Finance, Practical Law Australia

Skye Balasingham, Senior Writer brings over 12 years' banking and finance experience to Practical Law. Skye gained her experience at leading private practice firms in Australia and the United Kingdom and has worked in-house for an international bank and a local non-bank financier. She has extensive experience in all aspects of banking and finance transactions, with a particular focus on property finance, leveraged and acquisition finance, corporate finance and securitisation deals.

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