Document ID: chunk:federal_register_of_legislation:F2018L01390:body:0:p16
Version: federal_register_of_legislation:F2018L01390
Segment Type: other
Provision Reference: 
Character Range: 41669–44737

the APRA-regulated institution;
       (b)          a senior manager of the institution;
       (c)          for a life company, the Auditor;
       (d)          for a life company, the Appointed Actuary;
       (e)          a responsible auditor who is required, in relation to a registered life NOHC, to prepare a report under the Life Insurance Act, prudential standards made under the Life Insurance Act or reporting standards under FSCODA; or
       (f)           a person who performs activities for a subsidiary of the life company or registered life NOHC where those activities may materially affect the whole, or a substantial part, of the business of the life company or registered life NOHC or its financial standing, either directly or indirectly.
2.             References to a subsidiary in subparagraph 1(f) of this Attachment do not apply to a subsidiary that is an RSE licensee.

Attachment F - Responsible persons of eligible foreign life insurance companies
     1. A responsible person of an EFLIC is any person who is:
       (a)          a member of the Compliance Committee of the EFLIC;
       (b)          a senior manager of the Australian operations of the EFLIC who is ordinarily resident in Australia;
       (c)          the Auditor of the EFLIC;
       (d)          the Appointed Actuary of the EFLIC; or
       (e)          a person who performs activities for a subsidiary of the EFLIC that the EFLIC controls as part of its Australian operations, where:
(i)                   those activities may materially affect the whole, or a substantial part, of the business of the Australian operations of the EFLIC or its financial standing, either directly or indirectly; and
(ii)                   where the person is ordinarily resident in Australia.
2.             References to a subsidiary in subparagraph 1(e) of this Attachment do not apply to a subsidiary that is an RSE licensee.

Attachment G – Responsible persons of private health insurers
     1. A responsible person of a private health insurer is any person who is:
       (a)          a director of the private health insurer;
       (b)          an officer of the private health insurer;
       (c)          an Appointed Auditor who provides any report in relation to the private health insurer that is required to be prepared by an auditor under the prudential standards made under the PHIPS Act or reporting standards under FSCODA;
       (d)          the Appointed Actuary;
       (e)          any person who performs activities for a subsidiary of the APRA-regulated institution where those activities could materially affect the whole, or a substantial part, of the business of the APRA-regulated institution or its financial standing, either directly or indirectly.
2.             References to a subsidiary in subparagraph 1(e) of this Attachment do not apply to a subsidiary that is an RSE licensee.

[1] Note, for the purposes of this Prudential Standard, an RSE licensee is not treated as an 'APRA-regulated institution'. Refer to Prudential Standard SPS 520 Fit