Document ID: chunk:federal_register_of_legislation:C2025C00148:section:64:p2
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 64 (pt 2/2)
Character Range: 106109–107570

with; and
 (d) state that the accountable entity could commit an offence if the accountable entity fails to comply with the direction.
Note: See section 66 (offence for non‑compliance with a direction).
 (4) If the Regulator gives a direction under paragraph (1)(c) or (d), the Regulator must give a copy of the direction:
 (a) to the accountable person; and
 (b) if the accountable person is an accountable person of a significant related entity of the accountable entity—to the significant related entity.

Power to comply
 (5) The accountable entity has power to comply with the direction despite anything in its constitution or any contract or arrangement to which it is a party.
 (6) If the direction requires the accountable entity to cause a significant related entity to do, or to refrain from doing, an act or thing:
 (a) the accountable entity has power to cause the significant related entity to do, or to refrain from doing, the act or thing; and
 (b) the significant related entity has power to do, or to refrain from doing, the act or thing;
despite anything in the significant related entity's constitution or any contract or arrangement to which the significant related entity is a party.

Direction not a legislative instrument
 (7) A direction under subsection (1) is not a legislative instrument.
Note: Under paragraph 11(2)(c) of the Legislation Act 2003, the Regulator may register a direction under this section as a notifiable instrument.