The purpose of the Code of Ethics is to ensure that all AusIMM members uphold and enhance their profession. All members of AusIMM are required to comply with the Code of Ethics.
AusIMM expects and promotes the highest professional and ethical standards of its members across all areas of professional practice through a strong focus on professional ethics and best practice implementation of professional codes.
Under AusIMM By-laws, all AusIMM members are bound by the AusIMM Code of Ethics and, when acting in certain capacities as a resources sector professional, are also bound by the JORC Code and the VALMIN Code in addition to any other Board-approved codes, regulations or directives. These codes serve to protect communities, members and the profession and provide professional reporting and valuation systems that give the community and particularly financial markets confidence in our sector.
Members, upon admission, commit to the principles set out in the Code of Ethics and reconfirm that commitment each year when renewing their membership subscription. All members should familiarise themselves with the Code of Ethics and any other codes relevant to their profession, as members have an obligation to ensure that the codes are properly observed by their colleagues in order to retain and build on the trust and positive reputation that we have as a collective of industry professionals.
Code of Ethics Compliance: the Professional Conduct and Ethics committees
Under the AusIMM By-laws and Regulations the Professional Conduct and Ethics Committees lead the day-to-day administration of the Code of Ethics and are delegated responsibility ‘for processing and adjudicating complaints’. Their processes and powers are those determined by the Board. All members of AusIMM play a crucial role in regulating members’ compliance with the various codes.
The complaints process ensures that members are held accountable for any conduct that breaches the Code of Ethics, By-Laws or professional code obligations and are appropriately sanctioned to uphold the integrity of the profession, of AusIMM and (when relevant) the informed market.
A detailed explanation of the operations of AusIMM’s Compliance processes is available in the Guide to AusIMM Members’ obligations document below. Complaints should be lodged using the complaints form, and emailed to email@example.com. Any queries about the process can also be directed to that email account.
All deliberations of the Professional Conduct and Ethics Committees are strictly confidential. The identity of the complainant is not disclosed to the person(s) about whom the complaint has been made or to any parties not involved in the process of determining the validity of the complaint except in the following cases:
- where the Ethics Committee has resolved that notice of a breach be published, in which case the name of the respondent may be made public
- in the unlikely event that the matter advances to legal proceedings independent of the AusIMM process, where the identity of the complainant may become known as part of the discovery of documents process, or if AusIMM is directed by a court (or other legally empowered person) to make such information available.
An annual Compliance Report detailing the activity of the Professional Conduct and Ethics Committees is published in the AusIMM Bulletin in April each year. The report contains information on the number and broad subject matter of complaints and the actions taken.