Although developed by industry, the code has been registered (as the regulatory regime permits) with the Australian Communications and Media Authority (ACMA).
The Code covers the matters prescribed in section 123 of the Broadcasting Services Act and other matters relating to program content that are of concern to the community including:
• program classifications;
• accuracy, fairness and respect for privacy in news and current affairs;
• advertising time on television; and
• placement of commercials and program promotions and complaints handling.
The Code operates alongside the ACMA Standards which regulates programs for children and the Australian content of programs and advertisements.
Free TV Australia's website describes the Code as being an attempt "to balance and provide for the various and often conflicting interests of our diverse society in the delivery of commercial television services. It is the result of extensive consultation with Government advisory bodies, community interest groups and the public generally."
The Code is intended to be reviewed every 3 years.