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Industry codes of practice
2. The Association of Certified Bookkeepers
Inc. (CBK) was formed to represent the
special interests of professional bookkeepers
and to provide accreditation for suitably
qualified bookkeepers.
The CBK is a Not-For-Profit Association
formed to assist bookkeepers in their day to
day work and to form links with accounting
firms and others who may wish to engage
the services of a "Certified Bookkeeper".
3. Bookkeepers have wanted a
Professional Association to
represent their special
interests and needs with
government regulators. The
CBK was formed to do
exactly this
4. The CBK was formed
to do exactly this. We
lobby and liaise with
government
departments and
tertiary institutions
and other
organizations that
may effect members'
interest.
We are committed to growth
that will benefit our members
and the Bookkeeping
Profession in Australia. Our
goals include advances in
training and education
(including distance
education) for career
advancement and skill
development, to support and
encourage responsible and
accurate bookkeeping
practices in Australia, to raise
awareness of bookkeeping as
a profession in Australia, and
to offer resources that will
assist our members to succeed
in an ever changing
environment.
5. The CBK is passionate about the
future of the Bookkeeping
Profession and believes that one of
our most important roles as a
Professional Association is to
encompass the interests of our
members into the everyday
functioning of our organization.
6. Our role as a Professional Association
is to represent our members at every
relevant opportunity and we are
dedicated to ensuring that we all as
professional bookkeepers receive
appropriate recognition from our
clients, our peers, other professionals,
the general community and perhaps
most importantly by our own
Government Regulators.
7. Grow your business
faster
Improved
Dispatching
Amplified
Productivity
Increased Efficiency
Scheduling &
Dispatching
Billing, Invoicing &
Quotes
Work History Tracking
Accounting
Integration
Timesheets & Time
Tracking
Customer Database
(CRM)
8. A number of codes of practice have been developed in the financial services
sector. An industry association is not required to seek ASIC approval of its
code, but may choose to do so.
ASIC’s role in codes of practice
ASIC has the power to approve codes in the financial services sector.
We have released Regulatory Guide 183 Approval of financial services
sector codes of conduct (RG 183), which sets out how we will approve
a code of practice.
An approved code of practice should meet a number of criteria,
including:
a comprehensive body of rules developed in consultation with
stakeholders
enforceability against subscribers to the code
adequate provisions for dispute resolution, remedies and sanctions
effective and independent administration – including compliance
monitoring.
To date, no financial services sector codes of practice have been
submitted to ASIC for approval.
9. ASIC has not approved
codes of practice
developed by the
financial services industry
under RG 183, and we
do not oversee their
administration. However,
they are formal codes
developed by the
financial services industry
and may be useful to
consumers
Code of Banking
Practice
Customer Owned
Banking Code of
Practice
FPA Code of
Professional Practice
General Insurance
Code of Practice
Insurance Brokers
code of Practice
10. Code of Banking Practice: Developed by
the Australian Bankers’ Association
Customer Owned Banking Code of
Practice :Developed by the Customer
Owned Banking Association
FPA Code of Professional Practice:
Developed by the Financial Planning
Association of Australia
General Insurance Code of Practice:
Developed by the insurance industry
Insurance Brokers Code of Practice:
Developed by the National Insurance
Brokers Association of Australia
12. REPUTATION: It is the
responsibility of Members
and Representatives,
regardless of experience or
position, to ensure that his,
her or its actions reflect
positively upon the industry.
Neither Members nor
Representatives shall
undertake any action that
will bring the reputation of
the Australian OTC markets
into question or disrepute
RESPECT FOR RULES:
Members and
Representatives shall
act in accordance with
all applicable laws,
regulations and industry
standards. No Member
or Representative shall
undertake, or assist
another to undertake,
any action which
violates applicable laws,
regulations or industry
standards
13. RESPECT FOR PERSONS:
Members and
Representatives shall
ensure that their dealings
with others exemplify
and actively foster an
environment of mutual
trust and respect.
Members and
Representatives shall not
behave in a manner that
is prejudiced,
discriminatory or
harassing.
CONFIDENTIALITY:
Members and
Representatives shall
protect all information
that is sensitive,
confidential or private
from misuse. A Member
or Representative shall
only use or disclose such
information for the
purposes for which it was
collected or a
permissible secondary
use, unless disclosure is
otherwise required by
law.
14. HONESTY: Subject to
the previous principle,
Members and
Representatives shall
be open and truthful,
both within an
organization and to
clients, counterparties
and stakeholders,
even when that may
be difficult or possibly
result in loss of
business.
FAIRNESS: Members
and Representatives
shall conduct business
in a manner that is
objective and
impartial. Fairness
requires managing
one’s own prejudices
and interests to ensure
that biases or conflicts
do not compromise
professional conduct
15. The Code of Conduct is
regulates the personal and
professional conduct of all
registered tax agents, BAS
agents and tax (financial)
advisers.
16. Honesty and integrity
You must act honestly
and with integrity.
You must comply with
the taxation laws in the
conduct of your
personal affairs.
If: you receive money or
other property from or
on behalf of a client,
and you hold the money
or other property on trust
you must account to
your client for the money
or other property.
Independence
You must act lawfully in
the best interests of your
client.
You must have in place
adequate
arrangements for the
management of
conflicts of interest that
may arise in relation to
the activities that you
undertake in the
capacity of a registered
tax agent, BAS agent or
tax (financial) adviser .
17. Confidentiality
Unless you have a
legal duty to do so,
you must not disclose
any information
relating to a client’s
affairs to a third party
without your client’s
permission.
Competence
You must ensure that a tax agent
service that you provide, or that is
provided on your behalf, is
provided competently.
You must maintain knowledge
and skills relevant to the tax agent
services that you provide.
You must take reasonable care in
ascertaining a client’s state of
affairs, to the extent that
ascertaining the state of those
affairs is relevant to a statement
you are making or a thing you are
doing on behalf of a client.
You must take reasonable care to
ensure that taxation laws are
applied correctly to the
circumstances in relation to which
you are providing advice to a
client.