Document ID: chunk:federal_register_of_legislation:C2025C00148:section:10:p2
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 10 (pt 2/2)
Character Range: 21685–22816

kind mentioned in subsection (1) or (2); or
 (b) holds a position of a kind mentioned in subsection (3);
in relation to a branch of the accountable entity that is operating in Australia.

Accountable persons of significant related entities
 (6) An individual is an accountable person of a significant related entity of an accountable entity if:
 (a) the person holds a position in the significant related entity; and
 (b) because of that position, the person has actual or effective senior executive responsibility:
 (i) for management or control of the accountable entity; or
 (ii) for management or control of a significant or substantial part or aspect of the operations of the accountable entity or the accountable entity's relevant group.
Note: For the definitions of relevant group and significant related entity, see section 8.

Alternative tests
 (7) An individual can be an accountable person of an accountable entity (other than a foreign accountable entity) because of one or more of subsections (1), (2) and (3). An individual can be an accountable person of a foreign accountable entity only because of subsection (5).