Commonwealth Numbered Acts

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FINANCIAL ACCOUNTABILITY REGIME ACT 2023 (NO. 67, 2023) - SECT 32

Events for which the Regulator must be notified

                   For the purposes of paragraph 31(1)(a), the following events must be notified to the Regulator by an accountable entity:

                     (a)  a person ceases to be an accountable person of the accountable entity or of a significant related entity of the accountable entity;

                     (b)  an accountable person of the accountable entity, or of a significant related entity of the accountable entity, is dismissed or suspended because the person has failed to comply with one or more of the person's accountability obligations under section 21;

                     (c)  the variable remuneration of an accountable person of the accountable entity, or of a significant related entity of the accountable entity, is reduced because the person has failed to comply with one or more of the person's accountability obligations under section 21;

                     (d)  the accountable entity has reasonable grounds to believe that:

                              (i)  the accountable entity has failed to comply with one or more of its accountability obligations under section 20 or of its key personnel obligations under section 23; or

                             (ii)  an accountable person of the accountable entity, or of a significant related entity of the accountable entity, has failed to comply with one or more of the person's accountability obligations under section 21;

                     (e)  a material change occurs to information that relates to an accountable person of the accountable entity, or of a significant related entity of the accountable entity, and is contained in the register established under section 40.



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