Below is the link for the Code of Driver Conduct from the Confederation of Australian Motorsport Manual 2005 edition.
http://users.on.net/~bergpand/LFS/CODC.doc
My team (Screaming Donkey Racing) used this as a base to develop our Code of Driver Conduct (which is below) that is enforced on our server (when its up).
SDR Drivers Code of Conduct
Screaming Donkey Racing wishes to promote safe competition avoiding car-to-car contact. All competitors racing on our servers should adhere to these guidelines at all times.
a) No weaving on the straight
b) No blocking on the straight
c) No repeated blocking in corners.
d) It is the responsibility of the car performing an overtaking manoeuvre to do so in a safe manner, do not expect the car in front to give way if you are only part way past.
e) Care must be taken when re-entering the track. A report may be made by a race of official to the Clerk of Course(admin) notifying the Clerk of Course of any drivers who have apparently or actually breached the
above guidelines. This report will list drivers involved in any dangerous or unsportsmanlike procedures and will request the Clerk of Course to pay special attention to these drivers.
If an incident is particularly serious, at the discretion of the Clerk of Course, this may result in exclusion from the
Race/or Championships.
f) A blue flag means the car behind you is on a higher lap than you are and "don't hold him up or obstruct him". When a lapping car approaches you are presented with a blue flag a driver must make plans to allow the car behind clear passage for overtaking as soon as is practicable and safe. If racing for position with
another car it is acceptable for the battling pair not to
immediately yield to the lapping car behind them, however the slower cars
must yield to the lapping car with little delay. The exception to the blue flag rule is when you are faster than the car behind you even though he is on a higher lap. You will still get a blue flag but obviously you will pull away from him if you are faster. This can occur, for example when the faster car has just left the pits and because he comes out in front of the slower car who hasn't yet pitted he is on the previous lap and gets a blue flag. But he should just drive away into the distance. If he holds up the car behind for any reason he has disobeyed the blue flag.
You can not obstruct a car that is about to lap you. Put another way, you should not hinder the progress of a car that is in a higher position than you.
g) Every driver, no matter his skill level or speed, is fully entitled to follow the racing line all the way around on his qualifying laps and it's up to others to overtake him or time their own run so that they don't meet him (if they want a clean run).
*Competitors who breach the guidelines above will be given official notification
that further indiscretions may result in exclusion from SDR servers or competitions.
Definitions and Limitations.
The Track:
For purposes of definition the "track" or "circuit" is bounded by painted lines, curbs (& ripple strips etc) and run-off areas and excluding the
pit area. When overtaking another car this must be done on the "track". If a car gains a position by using any area outside the track he must yield his position back to the car he just overtook. This includes cutting corners, or using non-track areas. Penalty: Stop Go. Some flexibility for minor incursions will always be considered, for example if a wheel touches the grass during an overtaking manouvre their won't be any penalty, it won't be considered an infringement.
The Pit Area
A painted lines bound the pit entry and exit areas. The lines bounding the entry and exit must not be crossed. The yellow lines after the pit exit are considered a part of the track but must not be crossed by a car exiting the pits. This is for safety of all drivers. Circulating cars should be wary of cars leaving the pits and exiting cars should be wary of circulating cars. A speed limit of 80kph (approx 50mph) will apply to the pit area and sometimes a portion of the pit road entry and exit (as signed). Default LFS penalties apply.
Pitting on the final lap of a race is not permitted. A car must not finish the race in the pit area. Only cars finishing in the track area will be counted. Cars pitting on their final lap will be given the designation: DNF (did not finish).
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This Code of Driver Conduct is still being refined so if and when it changes I will edit this post aswell.
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