Document ID: chunk:federal_register_of_legislation:C2018A00005:clause:1_37c
Version: federal_register_of_legislation:C2018A00005
Segment Type: clause
Provision Reference: sch 1 cl 37C
Character Range: 13630–14330

37C  The accountability obligations of an ADI
  The accountability obligations of an ADI are to take reasonable steps to:
 (a) conduct its business with honesty and integrity, and with due skill, care and diligence; and
 (b) deal with APRA in an open, constructive and cooperative way; and
 (c) in conducting its business, prevent matters from arising that would adversely affect the ADI's prudential standing or prudential reputation; and
 (d) ensure that each of its accountable persons meets his or her accountability obligations under section 37CA; and
 (e) ensure that each of its subsidiaries that is not an ADI complies with paragraphs (a), (b), (c) and (d) as if the subsidiary were an ADI.