ANZ Bank - Code of Conduct | Assignment

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ANZ Bank
Overview
In the Code of Conduct, the commitment of providing results and driving outstanding
performance is done by ANZ Bank for achievement. So, providing value and taking account
properly of the customers, community, employees and others is worked within the business.
ANZ Bank attains outstanding performance and results by never compromising its ethics or
principles. The company place its great significance within this Code of Conduct on trust,
quality, integrity and honesty by setting standards related to ethics. The working of the
company is described with the way standards are set due to the expectations of behaving
professionally as concerned about the values (ANZ 2017). Also, make sure about taking
balanced, ethical and fair decisions while day-to-day working. Thus, this Code shows the
commitment of the company towards its stakeholders about related to taking care of their
interest by fulfilling their priority with the ethics before considering the profits maximisation
as an objective.
Scope
In ANZ, this Code of Conduct is applied on everyone employed or working in the company
including both permanent and temporary employees, contractors and consultants (ANZ
2019). In Australia, ANZ is bound to follow this Code that counts members of the company
as well working as per the requirement of complying these with the guidelines.
Regulatory Compliances
ANZ is abided and complied by this Code with the applicability of policies and procedures,
and law considering varied responsibilities legally with the relevancy of laws and regulations.
Here, the members of the company are not allowed to break the applicable policies, practices
or procedures, or law of ANZ. There is mandatory training in ANZ as directed completely
under the declaration of compliance with the Code as well. “BCCC (The Banking Code
Compliance Committee)” monitors the bank complied with the “Banking Code of Practice”
required understanding the compliance of Code’s principles (ANZ 2018). The suggestion to
the bank is given to comply in Australia with the guidelines of “ASIC (Australia Securities
and Investments Commission)” needed when to report or complaint any kind of case or
occurrence.
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Discrimination
Discrimination is said to be foremost issue in Australia due to its society of multiculturalism
where if proposed someone to treat or showing unfavourable treatment due to an individual
characteristics required law protection. The establishment of “The Equality Act 2010” was to
strengthen the laws and make separate legislation under one base around discrimination
where the protected individual’s characteristics are sexual orientation, age, belief or religion,
sex, gender reassignment, race, partnership and marriage, disability, maternity and pregnancy
in the workplace (Bag 2014). Further, employees have permission to report or complaint
against the one breaking the mentioned characteristics under the Act. Though, ANZ ensure to
treat everyone with dignity and respect in the workplace consisting of not to harass, bully or
discriminate unlawfully. As it is an unacceptable or offensive conduct that cannot be tolerated
within the company. Moreover, the company has the power to take strong decision if there is
a breach of conduct related to discrimination implemented by the government of Australia
under this Code’s policies (Danckert 2015). However, the company executes anti-
discrimination guidelines that promote discouraging discrimination and diversity. So it is
important for the Code to focus on excluding activities in any shape or form supports or
tolerates discrimination. Hence, there are some guidelines require to be followed
compulsorily in ANZ to evade discrimination.
 The process of selecting new employee requires evaluation to manage more than one
person relied on the ability of applicants to individualize job and qualifications rather
than looking at differences.
 ANZ adopted the diversity policy and inclusion to make sure that the company is
focusing on creating diverse workforce including women, indigenous and disable
individual for maintaining the positive environment in the workplace.
 The promotion of employees in the workplace is needed to be dependent on
performance and abilities analysed rather than noticing their personal characteristics.
 The jobs and roles of employees are confirmed in the company while taking care of
non-discrimination manner (ANZ 2018).
 There are numerous other actions required to be considered by the company’s
management to reinforce and nurture diversity.
The various legislative guidelines in Australia issued by its government as well for
organisations to make sure about any person to not to engage in the practices related to
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