Document ID: chunk:federal_register_of_legislation:C2025C00148:section:2
Version: federal_register_of_legislation:C2025C00148
Segment Type: section
Provision Reference: s 2
Character Range: 54389–55743

2                               the accountable person ceases to be an accountable person because of the person's death, serious incapacity, serious disability or serious illness                          (a) the day on which the person so ceases, unless paragraph (b) applies; or
                                                                                                                                                                                                            (b) if, on the day determined under paragraph (a), the accountable entity or significant related entity is not yet satisfied on reasonable grounds that the person has complied with the person's accountability obligations under section 21:
                                                                                                                                                                                                            (i) the day on which the entity is so satisfied (whether the compliance occurred on or before the entity being so satisfied); or
                                                                                                                                                                                                            (ii) if the day mentioned in subparagraph (i) does not occur—the day determined under item 1.