Effectiveness of Mandatory Code in Addressing Industry Concerns

Senator Glenn Sterle questioned whether a mandatory code could ease concerns about the current voluntary code, which has limitations. His inquiry sparked a discussion about the potential benefits of a mandatory code in promoting fairness and transparency within the industry. The conversation highlighted the need for a more robust framework to address industry concerns, with testimonies underscoring the significance of a mandatory code. However, the discussion also touched on the potential challenges of implementing such a code. The key finding was that a mandatory code could address concerns and fears associated with the voluntary code, but its implementation would require careful consideration. The discussion concluded with a call for a more effective and enforceable code to promote a fairer industry. The implications of this discussion are significant, and could lead to changes in industry regulation and operation.