Banking Act 1959

Part IIAA - The Banking Executive Accountability Regime  

Division 1 - Obligations under the Banking Executive Accountability Regime  

Subdivision A - ADIs  

SECTION 37   Obligations of ADIs  

(1)  
An ADI must comply with:


(a) its accountability obligations under Division 2 ; and


(b) its key personnel obligations under Division 3 ; and


(c) its deferred remuneration obligations under Division 4 ; and


(d) its notification obligations under Division 5 .

(2)  
However, this section does not apply to:


(a) an ADI:


(i) that the Minister has exempted under section 37A ; or

(ii) that is included in a class of ADIs that the Minister has exempted under section 37A ; or


(b) a foreign ADI, except to the extent that it operates a branch of the foreign ADI in Australia.




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