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NEW MMF AUSTRALIA CODE OF CONDUCT

The Membership of MMF Australia has unanimously resolved to provide this NEW Code of Conduct for inclusion into our MMF Constitution.

 

             Code of Conduct of MMF Australia


             Music Managers must at all times and to the best of their ability:


  1.  Devote sufficient time so as to properly fulfill the requirements of good management

       in the interest of the artists;

 

  2.  Not act in any fashion, which is detrimental to their clients’ interests;

 

  3.  Conduct themselves in a manner which is professional and ethical, and which

       abides by best Business practices and methods accepted in their country and

       comply with any Statutory Regime that is in place or is created.

 

  4.  Conduct all of their affairs with their clients in a transparent manner;

 

  5.  Protect and promote the interest of their clients to the highest possible standard;

 

  6.  Exercise the rights and powers implied or granted to them by their clients in the

       written or oral agreements for the clients best interest.

 

  7.  Ensure that no conflict of interest shall interfere with the discharge of their duties

       towards their clients.

 

  8.  All conflicts of interest must be disclosed immediately and noted in any artist

       agreement.

 

  9.  The Manager’s share of the proceeds coming from the artist’s professional (artistic)

       activity may not exceed 25% of the artist’s income.

 

10.  The Manager must ensure that all monies (income and expenditure) due to the artist

       are managed completely separately to the private assets of the manager.

 

11.  The Manager makes a commitment (and is duty bound) to absolute transparency in

       all contractual and financial business dealings that concern collaboration with the

       artist. This includes in particular giving access to all accounting, settlement of

       accounts with third parties, and contracts.

 

12.  Should a member be proved to have breached the Code of Conduct, they may be

       debarred (expelled) from the Organization. The expulsion process is decided

       according to the Constitution. In the event of an expulsion from the organization, the

       particular member is no longer entitled to use MMF membership credentials and the

       Organization is entitled to advise the membership,the IMMF; its affiliates or

       associated entities, including Government and Industry bodies.

 

13.  Should the individual seek or renew such membership of any other organization

       affiliated with the IMMF, MMF will use its utmost powers to ensure such a member

       will not be granted membership, or if membership granted it is conditional on that

       member’s behavior and adherence to the Code.

 

14.  Music Managers shall respect the integrity of other managers in their relationships

       with their Artists and not actively interfere with same.

 

15.  A manager who is approached by an artist, who was previously the client of another

      manager, shall confirm that the artist has fulfilled his, her, or their legal obligations to

      the previous manager before entering into a management relationship with the artist.

 

16.  Where a manager acts as publisher, agent, record producer or in any other capacity

       as well as a Manager for his, her, or their clients, they shall declare such interests

       so that the artist has the ability to determine for themselves if they feel it constitutes

       a conflict of interest and therefore detrimental to the artist’s career.

 

17.  Where a manager acts in any other capacity as well as manager for his, her or their

       clients where such activity ordinarily involves the charging of fees or commissions,

       the manager shall not charge multiple fees or commissions, instead charging either

       the agreed management commission alone or the fee or commission usually

       charged for that other activity and forgoing their management commission. Where

       the manager elects to charge a fee or commission other than the management

       commission they shall first gain the consent of their artist in writing.

 

18.  Managers must ensure that all monetary transactions made on behalf of or in the

       interest of the client and all books of account and records must always be

       reasonably open for the inspection of the artist or their appointed representative with

       reasonable notice, during business hours.

 

19.  Where a manager engages an artist under a written agreement, the manager shall  

       ensure that their client seeks and receives expert legal advice on the terms of such

       agreement before signing it.

 

20.  Managers will endeavour to keep themselves well informed of current events and 

       legislation, both national and international, as it pertains to the proper exploitation of

       their client’s career and the proper administration of their client’s business/s.

 

MMF Proudly Sponsored By Leading Entertainment Industry Business Advisors and Accountants

BG Logo

801 Glenferrie Road
Hawthorn Victoria 3122 Australia
Reception: +61 3 9810 0700 Fax: +61 3 9815 1899 Direct: +61 3 9810 0710
Email:
andrew@banksgroup.com.au  Web Site: www.banksgroup.com.au

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