Telco industry code rings in hefty penalties

A new industry code for telecommunications companies was released yesterday with hefty penalties for non-compliance.

The Australian Communications Authority chairman Tony Shaw said telephone companies faced fines of up to $250,000 if charging and billing systems are not clearly outlined.

"It should also assist network operators to manage and control the overall accuracy of increasingly complex charging and billing systems used in an open market place," he said.

The new code, which has simplified the compliance arrangements for telecommunications companies, replaces the one registered in January 1999.

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