Document ID: chunk:federal_register_of_legislation:F2021L01392:clause:2_7
Version: federal_register_of_legislation:F2021L01392
Segment Type: clause
Provision Reference: sch 2 cl 7
Character Range: 21896–22590

7  After rule 1.16
Insert:

1.16A  Obligations relating to CDR representative arrangements
 (1) If an accredited person is the principal in a CDR representative arrangement, it must ensure that the CDR representative complies with its requirements under the arrangement.
 (2) The accredited person breaches this subrule if the CDR representative fails to comply with a required provision of the CDR representative arrangement.
Note: This subrule is a civil penalty provision (see rule 9.8).
 (3) For this rule, a provision of a CDR representative arrangement is a required provision if the arrangement would cease to be a CDR arrangement under subrule 1.10AA(2) if the provision were removed.