It not only applies to television but also to radio, print, cinema and internet sites as well.
In the OPC's submission, reported by Fairfax, it stated: "In our submission the advertisement breaches ... the RCMI, because it is a communication directed primarily to children, Paddle Pop Twirly Pops do not represent a healthier dietary choice ... and it does not promote healthy dietary habits or physical activity.
"We do not think that the message is sufficient to promote good dietary habits or physical activity. In our view, child viewers of the advertisement are unlikely to pay significant attention to the message and are likely to be focused on the visual and audio content."
The ABS agreed that the ad was aimed at children under 12 and had minimal nutritional benefits and upheld the November complaint.
In its initial response to the complaint, ice-cream manufacturer Unilever said the ad carried a message "True heroes balance energy intake and activity; enjoy Paddle Pop as a treat within a balanced diet" for eight seconds of the video.
Paddle Pop Twirly Pops do not represent a healthier dietary choice ... and does not promote healthy dietary habits or physical activity.
A spokeswoman for Unilever told news.com.au that it was committed to responsible marketing and advertising.
"As part of our ongoing commitment to the RCMI and the review process under the ASB we accept the decision of the independent arbiter and will ensure that appropriate steps are taken to comply with the decision," she said.
"The TVC will not be rebroadcast and we are in the process of removing it from YouTube."