Banking Act 1959
Without limiting what constitutes the taking of reasonable steps in relation to a matter for the purposes of this Division, the taking of reasonable steps in relation to that matter includes having:
(a) appropriate governance, control and risk management in relation to that matter; and
(b) safeguards against inappropriate delegations of responsibility in relation to that matter; and
(c) appropriate procedures for identifying and remediating problems that arise or may arise in relation to that matter.
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