Document ID: chunk:federal_register_of_legislation:C2023A00068:clause:2_13
Version: federal_register_of_legislation:C2023A00068
Segment Type: clause
Provision Reference: sch 2 cl 13
Character Range: 42048–42981

13  Accountability statements under BEAR

When this item applies
(1) This item applies if:
 (a) before the banking start time, an ADI or a subsidiary of an ADI gave APRA a document (the old accountability statement) complying with section 37FA of the old Banking Act for a person who was registered under section 37HA of that Act; and
 (b) at the banking start time, the person is an accountable person of the ADI or of the subsidiary under section 10 of the FAR Act.
Note: For transfer of registration of the person, see item 4.
(2) The old accountability statement (including any changes notified to APRA before the banking start time) is taken, from the banking start time, to have been given to the Regulator in accordance with section 33 of the FAR Act for the person.
Note: Any material change to the information contained in the accountability statement must be notified to the Regulator: see subsection 31(2) of the FAR Act.