Document ID: chunk:federal_register_of_legislation:F2018L01390:body:0:p14
Version: federal_register_of_legislation:F2018L01390
Segment Type: other
Provision Reference: 
Character Range: 36085–39201

this Prudential Standard.  For the purposes of this paragraph, 'a previous version of this Prudential Standard' includes any versions of:
       (a)          Prudential Standard APS 520 Fit and Proper;
       (b)          Prudential Standard GPS 520 Fit and Proper; and
       (c)          Prudential Standard LPS 520 Fit and Proper.

Attachment A - Responsible persons of authorised deposit-taking institutions and authorised banking NOHCs
     1. A responsible person of an ADI (other than a foreign ADI) or authorised banking NOHC is any person who is:
       (a)          a director of the APRA-regulated institution;
       (b)          a senior manager of the institution;
       (c)          an appointed auditor who provides any report in relation to the ADI that is required to be prepared by an auditor under the Banking Act, prudential standards made under the Banking Act or reporting standards under FSCODA;
       (d)          an appointed auditor who provides any report in relation to the authorised banking NOHC that is required to be prepared by an auditor under the Banking Act, prudential standards made under the Banking Act or reporting standards; or
       (e)          a person who performs activities for a subsidiary of the APRA-regulated institution where those activities could materially affect the whole, or a substantial part, of the business of the APRA-regulated institution or its financial standing, either directly or indirectly.
2.             References to a subsidiary in subparagraph 1(e) of this Attachment do not apply to a subsidiary that is an RSE licensee.

Attachment B - Responsible persons of foreign authorised deposit-taking institutions
     1. A responsible person of a foreign ADI is any person who is:
       (a)          a senior manager of the Australian operations of the foreign ADI who is, except in the case of the senior officer outside Australia referred to in paragraph 25(d) of this Prudential Standard, ordinarily resident in Australia;
       (b)          an appointed auditor of the foreign ADI; or
       (c)          a person who performs activities for a subsidiary of the foreign ADI that the foreign ADI controls as part of its Australian operations, where:
(i)                   those activities could materially affect the whole, or a substantial part, of the business of the Australian operations of the foreign ADI or its financial standing, either directly or indirectly; and
(ii)                   the person is ordinarily resident in Australia.
2.             References to a subsidiary in subparagraph 1(c) of this Attachment do not apply to a subsidiary that is an RSE licensee.

Attachment C - Responsible persons of general insurers and authorised insurance NOHCs
     1. A responsible person of a general insurer (other than a Category C insurer) or authorised insurance NOHC is any person who is:
       (a)          a director of the APRA-regulated institution;
       (b)          a senior manager of the institution;
       (c)          for a general insurer, the Appointed Auditor;
       (d)          for a general insurer,