Financial Accountability Regime (Minister) Rules 2024 (Cth)

Financial Accountability Regime (Minister) Rules 2024 I, Stephen Jones, Assistant Treasurer and Minister for Financial Services, make the following rules.

Signed 5 March 2024

Stephen Jones Assistant Treasurer Minister for Financial Services

Contents Part 1—Preliminary 1 Name 2 Commencement 3 Authority 4 Definitions Part 2—Accountable persons—prescribed responsibilities and positions 5 Prescribed responsibilities for accountable entities other than foreign accountable entities and NOHCs—all sectors 6 Prescribed positions for accountable entities other than foreign accountable entities and NOHCs—all sectors 7 Prescribed responsibilities for accountable entities other than foreign accountable entities and NOHCs—insurance 8 Prescribed responsibilities for accountable entities that are RSE licensees 9 Prescribed responsibilities for accountable entities that are foreign accountable entities 10 Prescribed responsibilities for accountable entities that are NOHCs 11 Prescribed positions for accountable entities that are NOHCs 12 Relationship between sections in this Part Part 3—Accountable entities—enhanced notification threshold Division 1—Accountable entities that are ADIs 13 Determining when accountable entity meets enhanced notification threshold—ADIs 14 Relevant final report—ADIs 15 Total assets value—ADIs Division 2—Accountable entities that are general insurers 16 Determining when accountable entity meets enhanced notification threshold—general insurers 17 Final report—general insurers 18 Total assets value—general insurers Division 3—Accountable entities that are life companies 19 Determining when accountable entity meets enhanced notification threshold—life companies 20 Final report—life companies 21 Total assets value—life companies Division 4—Accountable entities that are private health insurers 22 Determining when accountable entity meets enhanced notification threshold—private health insurers 23 Final report—private health insurers 24 Total assets value—private health insurers Division 5—Accountable entities that are RSE licensees 25 Determining when accountable entity meets enhanced notification threshold—RSE licensees 26 Final report—RSE licensees 27 Total assets value—RSE licensees Division 6—Accountable entities that are in the same corporate group 28 Related accountable entity also taken to meet enhanced notification threshold Division 7—Miscellaneous 29 Reporting Standards Part 4—Miscellaneous 30 Evidentiary use of certain material—manner of authentication of examination record Part 5—Application and transitional provisions 31 Application provision—total assets value