incorporate all the conditions for the lawful processing of personal information or set out obligations that provide a functional equivalent of all the obligations set out in those conditions; and
prescribe how the conditions for the lawful processing of personal information are to be applied, or are to be complied with, given the particular features of the sector or sectors of society in which the relevant responsible parties are operating.
A code of conduct may apply in relation to any one or more of the following:
Any specified information or class of information;
any specified body or class of bodies;
any specified activity or class of activities; or
any specified industry, profession, or vocation or class of industries, professions, or vocations.