Code of Ethics

Code of Ethics

An important feature of of the ABRT is that our professionals benefit from respect and community trust in their qualifications, experience and expertise. 

The primary purpose of the ABRT Ethics Code is to set rules and standards of conduct which may be used for reference by clients, professions, stakeholders and regulators. The ABRT provides ethics and a platform of standards so that all professionals are able to collaborate ‘on the level’ for the benefit of business clients. 

ABRT Members should be guided by the spirit of the Ethics Code (not merely by the words). As the foundations for the ABRT’s professional standards, the Code of Ethics should be read in conjunction with the ABRT Professional Practice Standards (PPS)

 
Where a turnaround professional is also a member of an alternate professional body (such as the IPA, CA ANZ, CPA or the law societies) then that professional will also be bound by that respective code of ethics and subject to their professions disciplinary frameworks.
 

In accordance with the ABRT’s Vision, Purpose and Cornerstones (Innovation in Learning, Professional Community and Advocacy), we will continually consult and engage with stakeholders, academics, industry experts, regulators and professional advisers in the development of the ABRT Code of Ethics. 

The ABRT is committed to remaining adaptive – a thriving, proactive and agile organisation that continually evolves to meet the challenges of the modern world. 

The ABRT as a profession, no agenda or bias…

  • Community – business owners face a complex array of professional services choices, from business coaching, investment and growth to insolvency, borrowing and financial services. The ABRT plays a vital role in providing trusted expertise founded on established standards that are policed to ensure community expectations of good practice and social purpose are met.
  • Economy – The ABRT improves access to services and supports economic activity by encouraging confidence and trust in the professional services offered through the ABRT Directory. This is increasingly important in our services-oriented economy where knowledge forms the basis of many transactions.
  • Regulators – The burden of regulation and supervision by government can be reduced by improving the professional standards of practice and the regulatory capacity of professional communities. It is argued that professionalism represents a distinct form of regulation in itself. Indeed, professionalism can be seen as a method of regulating and monitoring the provision of complex services to the business community and broader public.
  • Professionals – Restructuring and turnaround professionals not only improve employment and career longevity, but can also provide an important community purpose and empowerment, allowing people’s careers to contribute to the social good. Professionals enhance their reputations and skills by adhering to the professional standards and requirements of a professional association.