Document ID: chunk:federal_register_of_legislation:F2024C00882:reg:14
Version: federal_register_of_legislation:F2024C00882
Segment Type: reg
Provision Reference: reg 14
Character Range: 75645–76575

14  Obligations of licensees—who compliance certificate must be signed by
  For paragraph 53(3)(b) of the Act, the following persons are prescribed:
 (a) if the body corporate is not an ADI:
 (i) the Chief Executive Officer of the body corporate; or
 (ii) if the body corporate does not have a Chief Executive Officer—the person who:
 (A) is responsible for managing the affairs of the body corporate; and
 (B) has authority to make decisions in relation to the allocation of resources so that the body corporate complies with the Act;
 (b) if the body corporate is an ADI:
 (i) the Chief Executive Officer of the body corporate; or
 (ii) a person who satisfies the criteria to be fit and proper to hold a responsible person position under Prudential Standard APS 520.
Note: Prudential Standard APS 520 is in Schedule 1 to the Banking (prudential standard) determination No. 1 of 2006—Prudential Standard APS 520 Fit and Proper.