Commonwealth Numbered Acts

FINANCIAL ACCOUNTABILITY REGIME ACT 2023 (NO. 67, 2023) - SECT 22

                   Without limiting what constitutes the taking of reasonable steps in relation to a matter for the purposes of this Part, the taking of reasonable steps in relation to that matter includes:

                     (a)  having appropriate governance, control and risk management in relation to that matter; and

                     (b)  having safeguards against inappropriate delegations of responsibility in relation to that matter; and

                     (c)  having appropriate procedures for identifying and remediating problems that arise or may arise in relation to that matter; and

                     (d)  taking appropriate action in response to non-compliance, or suspected non-compliance, in relation to that matter.