Banking Act 1959

Part IIAA - The Banking Executive Accountability Regime  

Division 5 - Notification obligations  

SECTION 37FA   Accountability statements  

(1)  
(1) For the purposes of paragraph 37F(1)(a) , an accountability statement of an ADI, or of a subsidiary of an ADI, for an accountable person of the ADI or subsidiary must contain a comprehensive statement of:


(a) the part or aspect of the ADI ' s or subsidiary ' s operations of which the accountable person has actual or effective responsibility for management or control; and


(b) the responsibilities of the accountable person, including any responsibilities to which paragraph 37D(1)(a) applies or subsection 37D(3) applies, as the case requires; and


(c) the matters determined by APRA under subsection (2).

(2)  
APRA may, by legislative instrument, determine matters for the purposes of paragraph (1)(c).




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