Document ID: chunk:federal_register_of_legislation:C2025A00015:clause:1_58bb
Version: federal_register_of_legislation:C2025A00015
Segment Type: clause
Provision Reference: sch 1 cl 58BB
Character Range: 19239–19968

58BB  Meaning of reasonable steps
 (1) Matters relevant to whether a regulated entity has taken reasonable steps for the purposes of a provision of this Division include:
 (a) the size of the regulated entity; and
 (b) the kind of regulated services concerned; and
 (c) the consumer base of those services; and
 (d) the kinds of scam risks those services face; and
 (e) whether the regulated entity has complied with any relevant SPF code obligations relating to that provision.
 (2) In determining whether a regulated entity has taken reasonable steps for the purposes of a provision of this Division, the primary consideration must be the matter in paragraph (1)(e) (if applicable).

Subdivision B—SPF principle 1: Governance