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A Standard for Regulatory Compliance? Industry Self‐regulation, the Courts and AS3806‐1998
Author(s) -
Carroll Peter,
McGregorLowndes Myles
Publication year - 2001
Publication title -
australian journal of public administration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 41
eISSN - 1467-8500
pISSN - 0313-6647
DOI - 10.1111/1467-8500.00243
Subject(s) - compliance (psychology) , commission , context (archaeology) , business , competition (biology) , accounting , competition law , law and economics , economics , finance , market economy , psychology , social psychology , paleontology , ecology , biology , monopoly
The primary objective of this article is to describe recent Australian moves to greater industry self‐regulation and, within that context, to examine the development of AS3806, a voluntary standard developed by Standards Australia, which firms may use as a model or template for the design and management of their regulatory compliance systems. The article is divided into four sections. The first provides an outline of recent Australian developments regarding industry self‐regulation and compliance. The second describes the growing interest in industry codes of conduct and the role of the Australian Competition and Consumer Commission (ACCC). The third describes the main features of AS 3806. The fourth examines the question of compliance standards in relation to the legal process, focusing on two recent cases and is followed by a conclusion.