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The Third Edition of the ARITA Code of Professional Practice (ARITA Code), developed as the standard for professional conduct in the insolvency profession, came into effect on 1 January 2014.  Section 6.6 of the Code and the DIRRI Template in Chapter 22 were updated with application to all appointments commencing after 18 August 2014.  The most current version of the Code can be downloaded in pdf.  Members should ensure that they check for any FAQs relating to the 3rd edition of the Code.

The primary purposes of ARITA Code are to:

  • educate ARITA members as to their professional responsibilities; and
  • provide a reference for stakeholders against which they can gauge the conduct of practitioners.

Members should be guided, not merely by the specific terms, but by the spirit of this Code.

You can also download the Explanatory Memorandum that outlines the key changes in the 3rd Edition. Any questions about the ARITA Code can be directed to SpecialistTeam@arita.com.au.

ARITA Members can access Word versions of templates here (you must be logged in as a Member to access these templates).

Code of Professional Practice Templates

These documents, which have been updated to correspond to the 3rd edition of the ARITA Code of Professional Practice, are to assist members to comply with the Corporations and Bankruptcy Act and the Code.  

Pre-appointment disclosure of remuneration basis - RemBasis

Initial remuneration advice to creditors -
InitialRem

Remuneration request for approval report -
RemReport

Declaration of relevant relationships and Indemnities (updated 18 August 2014) -
DIRRI

Creditors Information Sheet - Offences (updated June 2016) -
Offences

Previous editions of the Code

The 3rd edition of the ARITA Code of Professional Practice that applied from 1 January 2014 to 17 August 2014 (amendments to section 6.6 resulted in an updated 3rd edition applying from 18 August 2014 - refer above).

The 2nd edition of ARITA Code of Professional Practice took effect from 1 January 2011. The 1st edition of the Code was withdrawn from that date. 

For details of the changes made to the Code between the 1st and 2nd editions, please refer to this document

Download a copy of the 1st edition of the Code here.


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